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Four months have passed since the Russian invasion of Ukraine and it has had wide-ranging implications for geopolitical and geoeconomic trends in the Middle East. The war could lead to the emergence of new strategic vacuums in conflict zones across the region while reshaping Russian relations with energy players in the Middle East, including Iran. Beyond the immediate assumption that the war will create new opportunities for cooperation between revisionist powers like Iran and Russia, it has also given rise to new potential conflicts of interest.