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Russia's Daily Earnings Surge as Iran-Israel War Drives Up Oil Prices
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Russia's Windfall: Iran-Israel War Fuels $150M Daily Oil Earnings Surge
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News18
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15-03-2026, 20:22
Russia's Windfall: Iran-Israel War Fuels $150M Daily Oil Earnings Surge
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Escalating Iran-Israel conflict drives up global crude oil prices, boosting Russia's daily earnings by approximately $150 million.
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Russia's fossil fuel income has increased by 14%, now earning over 510 million Euros daily from oil and gas.
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India and China have significantly increased purchases of cheaper Russian oil due to Middle East supply uncertainty.
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High oil prices strengthen Russia's state budget, providing billions in additional tax revenue despite Western sanctions.
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Global concern grows as Strait of Hormuz tensions threaten energy supplies, potentially worsening inflation and supply crises.
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