Russia Earns $150 Million Daily From Oil as Iran War Squeezes Global Supply

The ongoing conflict involving Iran, Israel, and the United States has disrupted global oil markets and increased uncertainty in energy supply. Iran has threatened shipping near the Strait of Hormuz, a crucial route through which nearly one-fifth of the world’s oil supply passes every day. This situation has forced many countries to search for alternative sources of oil.

Amid this crisis, Russia has benefited significantly because global oil prices have surged. Russia’s Urals crude oil price has increased from around $52 per barrel to nearly $70–$80 per barrel. Due to the rise in prices, Russia is reportedly earning about $150 million in additional revenue each day from oil exports.

Reports suggest that Russia has already earned between $1.3 billion and $1.9 billion in extra tax revenue from oil exports during the first 12 days of the conflict. If the situation continues, Russia could earn up to $3.3–$5 billion in additional revenue by the end of the month. This increase has provided much-needed financial support to the Russian economy.

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Meanwhile, major oil-importing countries such as India and China have increased their purchases of Russian crude oil to ensure stable energy supplies. Imports from Russia to these two countries have reportedly increased by about 22 percent, with India buying around 1.5 million barrels of oil per day.

The administration of Donald Trump has also granted a temporary 30-day waiver on certain Russian oil sanctions during the crisis. However, Volodymyr Zelenskyy has opposed this move. As the conflict continues, global markets remain uncertain, and analysts warn that rising oil prices could lead to inflation and economic instability worldwide.

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