What Russia thinks about Iran and Israel war?

Russia fears that the dispute between Iran and Israel may result in yet another Middle East failure.

When Israel began Operation Rising Lion, Russian officials called the current Middle East escalation "dangerous" and "alarming."

However, Russian media quickly emphasized the possible benefits for Moscow.

Among them:

An increase in oil prices worldwide which is expected to strengthen Russia's finances

the change of focus away from Russia's conflict in Ukraine on a global scale. The headline of Moskovsky Komsomolets read, "Kyiv has been forgotten".

Additionally despite its activities in Ukraine, Russia could present itself as a major actor in the Middle East and a peacemaker if the Kremlin's offer to arbitrate the dispute was accepted.

But as Israel's military campaign continues it becomes increasingly clear that Russia stands to lose a great deal from the current situation.

The business weekly Kommersant said Monday that "the continuation of the conflict that occurs carries major threats and potential costs for Moscow," according to Russian political scientist Andrei Kortunov.

"It is still true that Russia failed to stop Israel from launching a massive strike on a nation with which it negotiated a comprehensive strategic relationship five months ago.

"Undoubtedly Moscow has no intention of go beyond political remarks against Israel, it's not ready to back up Iran with military assistance."

President Masoud Pezeshkian and Vladimir Putin signed a strategic partnership agreement earlier this year that is not a military alliance.

Moscow is not need to defend Tehran as a result.

Moscow however exaggerated it at the time.

The accord gave "special attention to the strengthening of coordination in terms of peace and security on the regional and global levels and the aim of Moscow and Tehran for closer collaboration on security and defence," Foreign Minister Sergei Lavrov stated in an interview with the Ria Novosti news agency.

Moscow has already lost Bashar al-Assad a crucially in the Middle East  in the past six months.

Russia gave the Syrian leader shelter after his overthrow in December of last year. Moscow will be extremely concerned about the possibility of regime change in Iran and the potential loss of another regional strategically.

Moskovsky Komsomolets closed his commentary on Tuesday's events in the Middle East by saying, "In the world of politics right now major transformations are taking place immediately which will impact life in our nation either directly or indirectly."

The most of this week will be spent by Vladimir Putin in St. Petersburg where the city is hosting the International Economic Forum every year.

"Russia's Davos" was the original moniker of the event although it no longer fully fits.

The CEOs of large Western corporations have avoided the region in recent years particularly after Russia's full-scale invasion of Ukraine.

However according to the organisers, representatives from over 140 nations and territories are expected to attend this year.

The gathering will most likely be used by Russian officials to show that efforts to isolate Russia over the conflict in Ukraine have not succeeded.

Despite being an economic forum, geopolitics is always present.

We will be keenly monitoring the Kremlin leader's remarks regarding Ukraine and the Middle East.