{"id":"f-445134d771-a5ec0b10-a0b0-53e8-b50f-ba739e2de96b","title":"Iran-Israel War: How Russia Is Earning $150M Everyday as Crude Goes Above $100","description":"The ongoing conflict between Iran and Israel is significantly impacting global energy markets, with Russia benefiting financially.","timestamp":1773468516,"category":"international","headline":"Iran-Israel War: How Russia Is Earning $150M Everyday as Crude Goes Above $100","modifiedHeadline":"Iran war: How Russia is earning $150M everyday","subCategories":["scid_67971418"],"subcategoriesName":["Global Affairs"],"region":"IN","bundleMetaData":{"bundleId":"c80449a0-0ad6-472b-8d17-5747dd8f5c83","bundleTitle":"Around the globe","cardData":null},"iabCategoryId":"389","iabCategoryName":"War and Conflicts","fcSummary":"As the conflict between Iran and Israel shakes global energy markets, Russia is emerging as one of the biggest financial beneficiaries.","summary":"As the conflict between Iran and Israel shakes global energy markets, Russia is emerging as one of the biggest financial beneficiaries.","ctaUrl":"https://trends.glance.com/newz/news/IN/en/timesnow/f-445134d771-a5ec0b10-a0b0-53e8-b50f-ba739e2de96b","sourceUrl":"https://www.timesnownews.com/business-economy/economy/iran-israel-war-how-russia-is-earning-150m-everyday-as-crude-goes-above-100-article-153832354","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/qvGmDlzcBzR0.webp","content":"

As the conflict between Iran and Israel shakes global energy markets, Russia is emerging as one of the biggest financial beneficiaries. According to new

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estimates, Moscow is earning up to $150 million in additional oil revenue every day as crude prices surge and supply routes through the Strait of Hormuz face disruption. Analysts say the conflict has sharply reduced global oil supply, driving prices higher and pushing major importers like India and China to increase purchases of Russian crude. Daily Fossil Fuel Revenues Jump 14% Data from the Centre for Research on Energy and Clean Air indicates that Russia’s fossil fuel earnings have climbed to about €510 million ($550+ million) per day, representing roughly a 14% increase compared with February averages. The surge follows a sharp spike in global oil prices after the conflict intensified in late February. With shipments through the Strait of Hormuz disrupted, global supply has reportedly fallen by around 10 million barrels per day, pushing Brent crude prices above $100 per barrel. The oil price rally alone is estimated to generate an additional €45 million ($49 million) daily for Russia. Over the first two weeks of the crisis, the total windfall is estimated to have reached around €6 billion ($6.5–6.9 billion). India and China Step Up Russian Oil Purchases The sudden supply disruption in the Middle East forced refiners to secure alternative crude sources. As a result, India and China have reportedly increased purchases of Russian oil to stabilise domestic energy supplies. Market intelligence firm Kpler noted that floating storage of Russian crude on tankers dropped by 18–32 million barrels since late February, signalling that buyers quickly absorbed previously unsold cargoes. Meanwhile, several Chinese state energy companies have reportedly signed longer-term agreements to secure discounted Russian barrels through the summer. Urals Crude Climbs Above Russia’s Budget Target The price of Urals crude has risen to around $62 per barrel, comfortably above the $59 per barrel level used in Russia’s federal budget calculations. Higher oil prices have boosted government finances, with estimates suggesting $1.3–$1.9 billion in additional tax revenues flowing into Moscow’s treasury since the conflict began. Global Energy Shock The crisis has also raised fears of broader economic fallout. Energy analysts warn that prolonged disruption in the Strait of Hormuz—through which roughly one-fifth of global oil supply passes—could trigger further price spikes, inflation pressures, and supply chain disruptions worldwide. For Russia, however, the turmoil is providing a temporary financial windfall as global buyers scramble to secure reliable crude supplies.

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Iran-Israel War: How Russia Is Earning $150M Everyday as Crude Goes Above $100

SUMMARY