Venezuela, Russia & Iran’s oil exports are booming amid Israel-Hamas war in the Middle East, US Sanctions failed: crude oil price

Israel and the Middle East became top War zones and Military zones for the US, Hezbollah, Iran, Hamas, Israel, Europe, and Middle Eastern armies. The US-UK closeness could lead to a new economic conflict, defense, and financial issues with Israel Because recently all the countries of the world are supporting each other regarding Israel–Palestine. This Israel–Palestine conflict is the biggest blow for Europe, India, and the Middle East. Many BRICS countries are supporting Palestine like the US and Europe are also doing the same because on one side they say that they condemn the terrorist attack on Israel but on the other side they also say that is with free Palestine.

Why Israel-Palestine War Opens new doors to Venezuela, Iran, and Russia to supply Oil and Gas Amid US Sanctions.

Due to this, there is a chance of increasing oil prices in other parts of the world in which domestic electricity, Hydrogen power, Nuclear power, Flights, Fighter Jets, Gas, and energy-related markets can be seen higher. Due to Russia–Ukraine, Europe is completely facing inflation, and if a new war between the Israel–Palestine front opens then the world will have to suffer a lot. However, due to Ukraine, has recently imposed sanctions on Russia and its old exporters Venezuela, Iran, Iraq, and Syria. For now, America’s relations are with Saudi Arabia and OPEC, but if the Palestine war goes to America, it will not be easy for America to impose sanctions on Saudi Arabia and the all Middle East because the price of Crude Oil has already started rising. Due to the Israel-Palestine war, Saudi and OPEC will completely stop oil exports. Due to this, there will be a good opportunity for Iran, Venezuela, Syria, Iraq, and American-sanctioned countries. Either Europe, Asia, Africa, and American countries will put pressure on the US or then they will buy Black Oil by breaking US restrictions because in such a situation the remaining oil importing countries cannot depend on America.