Russia's oil revenue to double as Iran crisis boosts energy prices

firstpost.com

Russia's oil tax revenue is projected to nearly double to $9 billion in April due to the Iran conflict driving up global energy prices. The surge follows US and Israeli strikes on Iran, which disrupted energy markets and pushed crude prices over $100 per barrel, leading to increased demand for Russian energy. This financial boost for Russia, a major oil exporter, is dependent on the duration of the Iran crisis, with ongoing Ukrainian attacks on Russian energy infrastructure posing a threat.


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Russia's oil revenue to double as Iran crisis boosts energy prices | News Minimalist