A potential peace agreement in the Persian Gulf, particularly one brokered by Donald Trump, poses a significant economic threat to Russia, potentially more damaging than recent refinery fires. While the US may experience diplomatic setbacks with the deal, the wider global impact could be a surge in cheaper oil supplies. This influx of affordable oil would undercut Russia’s revenue, heavily reliant on oil and gas exports. Experts suggest this scenario represents a substantial challenge to the Kremlin’s financial stability. The agreement’s potential to stabilize global oil prices is viewed as a “monumental spectacle” with far-reaching consequences for Russia’s economic and political standing. The situation presents a complex geopolitical dynamic, where a regional peace deal could inadvertently weaken a major global power.