US-Iran War: The ongoing US-Israel war with Iran entered its 12th day on March 11, with no sign of ending the armed conflict in the Gulf region. With US President Donald Trump's flip-flop statements on the withdrawal of armed forces, the situation became more grim. In 12 days of war, the world order seems to start changing, especially in terms of global trade. While Gulf countries, including the US' allies - Saudi Arabia, Qatar, UAE and others - are burning, some other global trade powers - like China and Russia- are reading the situation from a distance. The war hurt Iran, which is one of the top oil exporters. Iran, the US, Israel and their allies face the heat of the war, but there are several nations which may benefit currently and post-war. They are set to gain economic benefits from the US-Iran war not directly, but indirectly, because of economic, strategic, and political reasons.

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Here Are Five Nations Which May Benefit:

1. Russia: Russia might be the biggest beneficiary. Being an oil and weapon exporting nation, Russia sees an opportunity to sell its oil as traditional exporters - Saudi Arabia, Qatar, UAE and Iran are engaged in a war. Recently, the US gave a 30-day waiver to India to purchase crude oil from Russia. Post-war, the demand for the weapon will rise, and Russia will attempt to capitalise on the opportunity as it is facing economic issues due to a four-year-long war with Ukraine. Russia also sees an opportunity to sell its anti-missile system, the S-400 Triumf, which is a mobile surface-to-air missile (SAM) system. As modern wars are being fought with drones and missiles, the S-400 is set to see high demand. Also, the ongoing war in the Gulf diverted the world's focus from the Russia-Ukraine war, which goes in favour of Moscow.

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2. China: China is an ally of Iran, yet it adopts a strategy not to engage in the war, as it also wants to have an advantage on the economic front. China often buys cheap oil and increases its energy reserves during such a crisis. Later, Chinese oil firms sell oil at a high rate. Post-war, demand for defence system increases, and China also sees an opportunity to export its weapons.

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3. Saudi Arabia: Though Saudi Arabia has been involved in the war, it is also set to benefit post-war. If Iranian oil becomes scarce in the market, the demand for Saudi Arabia's oil will increase. Also, Iran is a competitor of Saudi Arabia in terms of oil export.

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4. UAE And Qatar: Gulf oil exporter countries also find themself in an advantageous position if Iran's oil-producing firms are destroyed. The UAE and other Gulf players will occupy the vacuum generated after Iran's oil plants' destruction. Also, the war catapulted the oil prices, which means the Gulf exporters will earn more.

5. The USA And Europe: The US, France and Germany have huge arms industries. They too wait for a rise in demand for weapons. Post-war, the demand for defence systems rises. Thus, the ongoing war is set to provide economic benefits to the defence industry and arms manufacturing companies in these countries.


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