Telegraph.co.uk | Russia bombing in Syria escalates oil price war with Saudi Arabia Telegraph.co.uk Then, as now, oil had a big part to play in the Kremlin's decision to strike. In 1979, as Russian tanks rolled into Kabul, oil was approaching $110 per barrel and the Islamic revolution in Iran weakened the West's grip on the dynamics of supply and demand. Saudi Arabia Cuts Oil Prices Amid OPEC Price War How does OPEC affect US oil prices? Talk to representatives about greed of oil companies |