Connect with us


How Will Russia-Saudi Alliance with OPEC Nations Impact Iran and Israel?



Through a newly proposed US-Russia-Saudi Arabia Oil Alliance, Russia and Saudi Arabia aim to institutionalise Russia-OPEC Relations. But how will arch-enemies Iran and Israel get impacted by the trilateral US-Russia-Saudi Arabia Alliance?

The OPEC nations meet in Vienna this weekend and this US-Russia-Saudi Arabia oil alliance will surely be on cards. Russia and Saudi Arabia plan to boost oil production at the same time they continue to lose the grip over the market to the US Shale companies. So, if the US, Russia and Saudi Arabia align to form an oil alliance then we could see a tectonic shift in the global oil market.

Both the US and Russia can reap political as well as economical leverages from the US-Russia-Saudi Arabia oil alliance, according to This way they can keep their market shares while moderating gas prices. It becomes even more beneficial for the US which is on the brink of a trade war with Europe and China. In such a scenario the US-Russia-Saudi Arabia oil alliance gives it a great economical superiority. As for Russia, even Vladimir Putin is keen to restore Russia’s ‘superpower’ status.

What could this Oil Alliance mean for Iran?

If the US-Russia-Saudi Arabia oil alliance comes to being then Iran’s pain will only magnify. Iran will surely oppose any such development at the upcoming OPEC meeting in Vienna. Iran is bound to see sanctions coming from the Trump Administration and hence, it is already losing orders worth huge amounts.

Lowering of prices will only irk Iran further. Iran along with Libya, Iraq and Venezuela will resist the US-Russia-Saudi Arabia oil alliance to not see its interests erode any further. All of these OPEC nations are facing similar problems. Iran and Venezuela will be biggest losers to the US-Russia-Saudi Arabia oil alliance if it is agreed upon.

Implications for Israel

For Israel, any loss inflicted on Iran is a win. Iran would be weakened by the US-Russia-Saudi Arabia oil alliance. Russia which has always described Iran as being a tactical partner has also often stated that Israel is an ally too. The Prime Minister of Israel was the Guest of Honor at the Victory Day Parade in Moscow on May 9. This reflected Russia’s support for Israel. Hence, there is every possibility that the implications of the US-Russia-Saudi Arabia oil alliance will only be positive on Israel.

Other News at EurAsian Times




BrahMos-SU-30MKI BrahMos-SU-30MKI
Featured1 hour ago

Su-30 Fighter Jet Crashes During A Training Mission; Pilot Ejects Safely

A Russian Su-30 fighter jet has crashed in Russia’s Tver Region during a planned training flight with pilots managing to...

Featured2 hours ago

Indian DRDO Aggressively Working On Indigenous Projects; Gets Lauded For ABHYAS Project

India’s state-run Defence Research and Development Organisation (DRDO) has successfully conducted the test of ABHYAS – High-speed Expendable Aerial Target...

Featured3 hours ago

US, UAE Could Sign Deal To Acquire ‘Non-Stealthy’ F-35 Fighter Jets By End Of 2020: Reports

Amid the murmurs that Israel is blocking the possible sale of American F-35 stealth fighter jets to the UAE, new...

Tayyip-Erdogan Tayyip-Erdogan
Featured6 hours ago

Turkish President Erdogan Blasts India, Israel At United Nations Over Kashmir, Palestine Issue

After lamenting both India and Israel over Kashmir and Palestine, New Delhi has criticized Turkish President Recep Tayyip Erdogan for...

Americas17 hours ago

Why UK’s ‘Tempest Fighter Jet Program’ Could Endanger Its Historical Ties With The United States?

The Tempest program was launched in 2018 with the aim of developing the 'optionally-manned' stealth fighter jets which are expected...

Americas22 hours ago

US Deploys Its First ‘Space Force Squadron’ Outside Country In The Middle-East

US’ newest Space Force, a dedicated military wing to carry out futuristic warfare is now getting serious about its organizational...

j20-vs-tejas j20-vs-tejas
Featured23 hours ago

Six Chinese (PLAAF) Fighters Dangerously Surround Taiwanese Jets To Shoot It Down?

Amidst heightening tensions in the South China Sea that have seen Chinese warplanes repeatedly breach Taiwan’s airspace, recent reports claimed...

Pakistan-Jet Pakistan-Jet
Europe24 hours ago

MiG-21s Again Come Face-To-Face Against F-16s At Thracian Viper 2020 Drills

One of the biggest international air force exercise, Thracian Viper 2020, is taking place in Bulgaria with a host of...

Featured1 day ago

Japanese Firm Invents UV Lamp That Can Kill Coronavirus

A Japanese firm has invented an ultraviolet lamp that can disinfect enclosed spaces and kill the coronavirus without harming human...

Rafale-Typhoon Rafale-Typhoon
Featured1 day ago

‘Neutral’ & ‘Unsure’: Switzerland To Vote On Upgrading Its Air Force As Rafales, Typhoons & F-35s Vie For Business

The people of Switzerland are set to vote on a proposal on September 27, for replacing its ageing fleet of...