China-India-Russia: Responding to the Middle East crisis

While the disruption to the Strait of Hormuz since late February has sent shockwaves through global energy markets, the strategic fallout extends far beyond the Gulf. While the world watches Tehran, Moscow is quietly leveraging the chaos to sustain its primary objective: the war in Ukraine.

Sibylline analysts examine how Russia is exploiting the crisis to secure a massive windfall for federal revenues, providing the fiscal headroom needed to maintain its attritional strategy against Kyiv. The report also examines the ripple effects across the Asia-Pacific, from India’s shift toward Russian oil amid airspace closures to China’s calculated ‘grey-zone’ activities in the South China Sea.

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