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The John Batchelor Show

S8 Ep647: 2. Rising oil prices have significantly increased Russian confidence and revenue, providing an extra $150 million daily. However, a potential U.S. ground war in Iran could force a choice between defending Ukraine or the Gulf, potentially allowing China to

The John Batchelor Show

John Batchelor

Arts, News, Society & Culture, Books

4.52.8K Ratings

🗓️ 27 March 2026

⏱️ 8 minutes

🧾️ Download transcript

Summary

2. Rising oil prices have significantly increased Russian confidence and revenue, providing an extra $150 million daily. However, a potential U.S. ground war in Iran could force a choice between defending Ukraine or the Gulf, potentially allowing China to decisively intervene in either theater. (2)
1902 TROTSKY IN SIBERIA EXILE

Transcript

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0:00.0

I'm John Batchew with my colleague Anatole Levin of the Quincy Institute for Responsible Statecraft.

0:21.1

Moscow, point of view.

0:23.0

Anatole, the report in the London news right now is necessarily provocative, Cold War thinking.

0:30.6

Moscow sending drones to Iran, the presumption being that something sneaky is going on.

0:36.1

In fact, it was the drones invented by

0:39.0

Tehran that Moscow then learned to both buy and then manufacture and using in Ukraine.

0:48.1

So they're sending back drones that come from Tehran, or at least from the plans.

0:52.6

I'm also told that Russia is now building at the

0:55.9

behest of North Korea, a drone factory in North Korea. I'm also told that the drones that are being

1:02.2

used have engines that are created in China and other parts. There are lots of allegations. I don't

1:09.0

account for any of these other than information

1:11.8

in wartime, information warfare. However, there is the sense now that Moscow has opportunity or

1:19.2

less opportunity to resolve Ukraine. Is there confidence in Moscow with this flood of money that

1:26.6

wasn't expected? Or is there a despair because

1:30.0

the situation in the Gulf is so intractable? I mean, the increase in money has hugely

1:39.5

increased Russian confidence because, you know, until this war, the Russian economy was really coming under

1:45.8

increasing pressure, especially from inflation. And, you know, they are now earning, apparently,

1:55.0

financial time says, about an extra $150 million a day from their energy exports.

2:01.2

So, of course, this is a tremendous help to Russia.

2:03.9

Now, however, this doesn't immediately, you know, translate itself into an improvement in the Russian situation on the battlefield.

2:16.3

We have to see how that goes. So far Ukraine continues

2:20.0

to hold out very well, has even been counter-attacking. But once again, it depends on how long

...

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