World trade theme
It looks like there is a financial incentive for Russia to hand over its satellite imagery information over the Middle East to Iran.
Putin: Can deliver oil and gas to Europe. Russia can supply both oil and gas to Europe if asked, says President Vladimir Putin. – We are ready to cooperate with Europe, but we need to get signals from them that they are ready and willing to cooperate with us, Putin says in a televised appearance, reports AFP.
Western countries, however, have spent the past few years reducing their dependence on Russian gas and oil, following Russia's invasion of Ukraine. The reduced trade with the West has deprived Russia of its most lucrative customers, writes Reuters. See the article on SVT News.
Oil prices soar after Iran closes the Strait of Hormuz. Watch the segment on TV4 News.