The environmental cost of oil is global while the wealth and profits are concentrated in those nations. It’s the opposite problem.

As opposed to what alternative? Would we rather Iran/Russia/etc be poorer or redistribute the wealth to other countries as if oil isn't a geographic right? Punish oil nationalization or pro-nationalize but be more like Venezuela where everyone gets even poorer despite a boom in oil prices?

I don't see who this is an 'inverse problem' without a realistic alternative.

> Those countries have immensely benefited from selling oil to the world.

I certainly wouldn't assume they have "western" working conditions there.

So, yea, "some" have greatly benefited. There's a really common pattern to who those lucky few are; too, history hasn't changed here.

This is the typical blindness caused by any propaganda.