Russia Sees Oil Revenue Windfall Amid Iran War Disruptions

Russia’s oil revenues are set to surge as the Iran conflict drives up global prices and demand for alternative supplies. April income from Moscow’s main oil tax is projected to double to roughly $9 billion, fueled by higher crude prices and shifting trade flows. The gains come as disruptions in the Strait of Hormuz and broader supply shocks push buyers toward Russian exports. However, analysts note the windfall may be temporary, with future revenues dependent on the duration of the conflict and ongoing risks to Russia’s own energy infrastructure.