As can be seen from this series of events, the impact of the Iraqi civil war is too great.

Of course, China is not a beneficiary, but it is not the biggest victim, after all, after the end of the civil war, China has recovered the losses caused by the sharp rise in oil prices.

If we want to talk about the victim country, it must be Japan.

Why?

Japan paid a terrible price when oil prices skyrocketed, and after the end of the civil war, Japan did not reap much of the benefits due to its severe lack of political voice.

In 2022 alone, Japan lost tens of billions of dollars because of the exorbitant price of the agreement.

The second is Russia.

In just three years, Russia's economy has been hit by oil prices, completing a rollercoaster of violent fluctuations, and its oil industry has been hit hard.

This indirectly leads to Russia's economic dependence on China.

Why?

Without a long-term oil supply agreement with China, Russia would not be able to sell its oil at all, and it would be difficult to earn enough foreign exchange to repay its debts.

It can be said that without the economic support of Huaxia, the government of the Russian Federation would have declared bankruptcy in 2022.

At that time, in order to support Russia, Huaxia also spent $4 billion to purchase a large number of advanced weapons from Russia that may not be used at all.

Affected by the economic downturn, Russia had to announce the end of a large-scale military operation in Syria in 2022.

In addition, Russia is more dependent on the arms trade.

Of course, Iran is also a victim country.

At a time when oil prices were soaring, Iran's oil exports did not increase much, mainly due to the limitation of oil extraction capacity.

Quite simply, the infrastructure of many of Iran's oil fields is severely aging and continues to be updated.

As a result, at a time when oil prices were skyrocketing, Iran imported a lot of oil extraction equipment to expand oil production, and these new wells were not coming into production before oil prices fell.

In fact, it can also be seen that Saudi Arabia and other four countries are also attacking and dealing with Iran by controlling the decline in oil prices.

Why?

The oil extraction industry of Saudi Arabia and other four countries has been running well, even if it is to expand production capacity, the requirements for infrastructure are not very high, and there is no problem that in order to expand production capacity, it is necessary to expand basic investment in the short term, and it can effectively control the cost of exploitation.

Of course, due to the collapse in oil prices, Iran has had to tighten its fiscal spending.

The first to receive the impact is, of course, the build-up of armaments.

It is precisely because there is not enough money that Iran has to negotiate with Russia again and again to keep the price of imported arms as low as possible.

Strictly speaking, the beneficiary country of the United States, not the victim country.

Why?

In the more than a year since the oil price surge, all shale oil companies in the United States have made profits, and they have made huge profits, and the shale oil industry has survived after the collapse of oil prices.

For the United States, it is enough for the shale oil industry to survive.

Quite simply, what the United States needs is not shale oil, but to regulate international oil prices through the shale oil industry to achieve the goal of controlling oil prices.

To put it bluntly, producing more shale oil and producing less can change the market price of oil.

In addition, the U.S. has been importing oil, and is exporting shale oil at the same time as it imports oil, in order to reduce domestic labor costs.

In addition to the United States, another beneficiary country is India.

Why?

India has been a major oil importer and became the world's third-largest oil importer after China and Japan a few years ago.

Of course, in terms of total imports, India is still far from being able to compare with China and Japan.

In addition, India imports mainly oil from the international market.

The key point is that India's imports are not very large, and the impact on oil prices is not great, so it basically has no bargaining power with oil-producing countries.

What's more, India does not have enough foreign exchange to fulfill the annual negotiated price.

You know, since 2010, India's total external debt has exceeded its total foreign exchange, and it has always been insolvent.

There is no bankruptcy, and only because India is still able to repay its debts as they fall due.

In addition, India does not have much say in the international financial markets.

You know, not only Saudi Arabia, but almost all oil-producing countries have begun to accept China's currency, and the yen has also entered the international monetary system.

In other words, both China and Japan were able to use their own currencies to buy oil, at least some of it.

Unfortunately, India does not qualify for this.

The Indian rupee is not an international currency because it is not guaranteed to be paid, and it is almost impossible for it to be recognized by other countries in international trade.

Although India suffered huge losses and almost went bankrupt when oil prices skyrocketed, India's economy has improved across the board as oil prices began to fall in 2021.

Most importantly, of course, the United States and Japan have strengthened their ties with India at the same time.

Why?

In the whole of Asia, the only one that can contain China is India.

China's march into the Middle East has been very obvious, and only India can stop China's progress, and there is no second country.

Unless the United States intends to abandon the Middle East, unless Japan intends to recognize China's leadership in East Asia, it must support India to contain China.

It is that in 2021, the United States approved the sale of F-35A fighters to India.

This agreement, which directly pronounced the death sentence of the Su-57 project, also allowed India to get out of the big hole of Russia and jump into another big pit.

Why is it a pit?

The United States only promised to sell the F-35A to India, not at what price, and the US federal authorities do not have the authority to set prices for Loma.

Obviously, it certainly won't be cheap.

Anyway, India is not short of money.

In that year, India spent more than $8 billion on the purchase of 36 Rafale, with a unit price of more than $200 million.

In any case, the F-35A is definitely much better than the Rafale, so it makes sense to open a unit price of 300 million US dollars, and it is a basic price without other expenses.

As a result, India bought 72 F-35As for $25 billion.

Of course, not to pay so much money at once, but in installments.

In mid-2022, India received the first batch of 12 F-35As, and by the end of the year it received a second batch of 24, with a further 12 expected in 2023.

As a result, India became the first country in South Asia to acquire a fourth-generation fighter.

Looking at the whole of Asia, India is also the fourth country to obtain a fourth-generation fighter after China, Japan and Israel.

You know, the F-35A ordered by South Korea will not be delivered until 2025.

Of course, India has acquired more than a few dozen F-35As, but also a sufficiently large ambition and an incentive to change the status quo.