In early 2026, tensions around Iran sent Brent crude soaring past $100 a barrel almost overnight. While Russia suddenly received an extra $8–10 billion every month and got breathing room for its war economy, Iran suffered direct attacks, blocked exports, and an estimated $270 billion in damage — pushing its GDP into a sharp contraction.

This episode explores the dramatic contrast: how the same oil price spike created winners and losers, who really benefited, who paid the heaviest price, and what it reveals about energy, sanctions, and global power in wartime.

We also look at the ripple effects on ordinary people worldwide — from higher gas and food prices in Europe and Asia to the long-term push toward renewable energy.

This episode uses AI-generated voice for narration.