Russia is close to completing a phased shipment of drones, medicine and food to Iran, according to western intelligence reports cited by FT

The report indicates that Russia's support of Iran through significant shipments of drones, medicine, and food could signify deepening ties between the two nations, which might alter regional power dynamics. This development is particularly relevant for commodities like oil, as heightened cooperation may impact sanctions dynamics and market perceptions of supply security, especially in energy markets such as WTI.