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Iran war doubles Russia's main oil revenue to $9 bln in April, Reuters calculations show
Reuters calculations show Russia’s oil production tax will nearly double to 700 billion roubles as higher prices boost revenue.
- Reuters calculations show Russian mineral extraction tax revenue will double to $9 billion in April, driven by an energy crisis triggered by Israeli strikes on Iran.
- Following Israeli strikes on Iran in late February, the Strait of Hormuz shut, disrupting global oil and LNG flows and sending Brent futures past $100 per barrel.
- Urals crude prices jumped to $77 per barrel in March, marking a 73% surge from February levels and directly driving the doubling of tax revenue.
- Moscow faced a 4.58 trillion rouble budget deficit during January-March, and the current revenue surge provides immediate fiscal relief for the world's second-largest oil exporter.
- Ongoing attacks by Ukraine on energy infrastructure threaten future production and earnings, potentially limiting long-term revenue gains despite the 7.9 trillion rouble 2026 budget target.
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The world's second-largest oil exporter sees unexpected profit from market fluctuations.
·Brazil
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Exclusive: Iran war doubles Russia's main oil revenue to $9 bln in April, Reuters calculations show
The Reuters calculation is some of the first concrete evidence of a windfall for Russia, the world's second-largest oil exporter, from the Iran war, which oil traders say has triggered the most serious energy crisis in recent history.
·United Kingdom
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Due to the aggravation of the war in the Middle East, in April, Russia's oil revenues will double and reach $9 billion
Russia should record a significant increase in the revenue from the oil sector in April on the basis of the energy crisis declared by the conflict between the US, Israel and Iran.
·Romania
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Total News Sources20
Leaning Left1Leaning Right4Center7Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
C 59%
R 33%
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