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Russia's oil revenues spike due to US-Iran war

Summary by RTÉ
Four weeks of the US-Israeli war with Iran and a sharp rise in oil prices have added millions to Russia's budget, energy market analysts say.

3 Articles

The rising oil price is temporarily easing Russia's economic hardship. At the moment, oil exports are still limited in the ports on the Gulf of Finland.

The Russian economy, despite facing the costs of military action in Ukraine and international sanctions, is one of the few in the world that benefits from the US and Israel's war with Iran. Estimates of exactly how much additional money the aggressor could squeeze into the budget vary. While everyone agrees that Moscow is making money from the war in Iran, not everyone sees the situation as dramatic and is reassured that Russia is climbing out o…

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RTÉ broke the news in Ireland on Sunday, March 29, 2026.
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