Russia proved in the wake of the oil price crashes that the USA tries to use against Russia and Iran. Russia is the swing producer of oil and gas – not the US and not Saudi Arabia…
Additionally, Russia has the ability to completely destroy any shipping or oil production in the Gulf through Iran. As a result, they control the world oil price. This implies that we would be looking at $600+ oil and $60+ natural gas overnight for an indefinite period of time with no one able to do anything about it, given Russia’s full support and Iran’s inclination (note to Israel and the US: it may not take much at this point). This implies that the economies of the EU and including USA will be destroyed by serious hits on their very fragile economies…
Don’t throw bricks when you live in a house of glass. We all get cut feet…
WtR