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.

View on Washington Post website


Oct. 18, 2023

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Washington Post

“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.

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