One Decision

$100 Million a Day: Putin’s Iran War Windfall

One Decision

Show Notes

Russia may be issuing verbal condemnations from the sidelines of the conflict in Iran, but behind the scenes, it’s leveraging its relationship with Iran to give the US a “taste of its own medicine.” Former MI6 Chief Sir Richard Dearlove and Times Radio political editor Kate McCann sit down with Alexander Gabuev, director of the Carnegie Russia Eurasia Center, to discuss Russia’s calculated role in the escalating war in Iran. Gabuev explains why the US being preoccupied in fighting another Middle Eastern conflict is a “gift” to Putin, including how temporary sanctions relief and the continued closure of the Strait of Hormuz boosts Russian oil revenues. Together, they also analyze the impact of the war on Ukraine’s security and energy infrastructure, as well as how continued economic strain and repression in Russia may limit its involvement in the conflict.

In this episode:

01:35 – Why the Iran War helps Russia

04:17 – Oil shock and Russian windfall

16:48 – The Iran-Russia alliance

23:11 – Limits of Kremlin support

28:24 – Iran War knock-on effects for Ukraine

32:58 – Ukraine’s Gulf alliance strategy

38:05 – Russian public mood and repression

42:47 – One Decision: What’s Trump’s next move?

44:00 – Sir Richard and Kate discussion

Hosted by Sir Richard Dearlove (former MI6 Chief) and Kate McCann (Political Editor at Times Radio). Learn more about your ad choices. Visit megaphone.fm/adchoices

More from One Decision

Oct 22, 2026

Eight months into the US-Iran war, the Revolutionary Guards (IRGC) have taken control of Iran, the Strait of Hormuz remains a flashpoint, and Trump faces a decision — before and after the midterms: escalate or negotiate?

Oct 1, 2026

War with Iran, record diesel prices, and a global bond sell-off: how much more can the world economy take?

Sep 24, 2026

Between cheap-to-produce drones and artificial intelligence, the future of warfare may already be here. Paul Scharre, former US Army Ranger and executive vice president of the Center for a New American Strategy, joins former head of MI6 Sir Richard Dearlove and co-host John Raine to discuss how drones and AI are reshaping military conflict and militaries themselves. Scharre explains why cheap drones are beating expensive armies, how the cost asymmetry between offense and defense is reshaping the battlefield, and why the US may be losing its technological edge faster than it realizes. He also assesses Ukraine's drone revolution, the race between the US and China to adopt military AI, and why keeping humans in the loop may matter more than any weapon system.

See all episodes →