Washington Post: “Petrostates Usually Benefit from War. Let’s Make Sure Iran and Russia Don’t.”
Catherine Wolfram, a university fellow and member of the RFF Board of Directors, coauthored an op-ed about the complicated relationship between international politics and oil prices.
“An unfortunate fact about oil markets is that all petrostates profit from violence—whether they perpetrate it themselves or benefit when other petrostates do. And that creates a conundrum for US policymakers: How to punish Iran for its suspected assistance to Hamas without helping Russia during its war on Ukraine?
Our solution: Impose a price cap on Iran’s oil exports.”
Click on the link above to read the full op-ed.
