Russia's oil revenues surge amid Middle East conflict. Four weeks into the US-Israeli war with Iran, Russia's daily export earnings have jumped to approximately 388 million euros per day, representing a 20 percent increase above February's average. Energy analysts attribute this windfall primarily to rising global oil prices, with Russian Urals crude benefiting from a narrowed discount against international benchmarks. Estimates suggest the conflict could add between 2 billion and 7 billion dollars to Russia's budget, providing crucial relief to an economy strained by its ongoing military operations in Ukraine. The geopolitical disruption has also expanded Russia's customer base, with India increasing crude imports by 82 percent in March and countries like Thailand and Vietnam showing renewed interest.
