OIL AND INFLATION, UK INHERITANCE TAX PLANNING AND THE 7% TAX REGIME
My son turned 16 this year, and I guess it’s normal, especially in today’s world of instant gratification and media, that young adults would be curious about global political events.
It is therefore no surprise that he has been asking about the Iran/US war, how it started, and what the reason behind it is. Clearly, it is not easy to give a simple and quick answer to these sorts of questions, but often I simply answer, “follow the money.” If you follow the money trail, it will very likely lead to the main real reason why.
In the 2022 Ukraine/Russia conflict, we can see that the territory which has now been claimed by Russia in the eastern part of Ukraine, apart from being ethnically Russian, is also the most resource-rich part of Ukraine, holding the majority of Ukraine’s $15 trillion mineral wealth. The region accounts for roughly 80% of conventional oil, gas, and coal reserves, as well as critical minerals
