Russia sees rising oil revenue on Iran war energy shock
Russia is cashing in from the Iran conflict as oil prices climb, with state oil and gas revenue projected to jump 39% this month. Sanctions relief from the US and UK on Russian oil shipments and refined fuel is narrowing the discount on its crude, potentially adding billions to Moscow’s budget. While higher oil income gives Russia some financial breathing room amid military spending, experts warn it’s a temporary boost, not a recovery.
https://www.thenationalnews.co