War in Iran brings Russia billions in commodity profits – Bloomberg

The war around Iran is already bringing Russia billions in additional revenue, particularly from the export of oil, gas, and other resources. This was reported by Bloomberg, according to UNN.

According to the publication, due to the escalation of the situation in the Persian Gulf and restrictions on supplies through the Strait of Hormuz, raw material prices have risen sharply. This directly benefits Russia as one of the largest energy exporters.

In particular, the price of Russian Urals crude oil has risen to over $90 per barrel. If such prices persist until the end of the year, Russia could receive up to $40 billion in additional revenue.

At the same time, it is not only the oil sector that wins. Price increases are also observed for other resources:

– aluminum has increased in price by approximately 12%;

– fertilizers (specifically urea) – by almost 75%;

– demand for liquefied natural gas is also growing.

Analysts note that the war in the Middle East partially relieves the pressure of sanctions on the Russian economy.

"Without the war in Iran, the situation in the Russian economy would be significantly worse," noted Alexander Gabuev, director of the Carnegie Russia Eurasia Center.

Furthermore, Western countries are beginning to partially return to purchasing Russian resources, particularly metals, which were previously avoided due to sanctions following the full-scale invasion of Ukraine.

Thus, the conflict in the region is not only changing global markets but is effectively improving Russia's financial capabilities for waging war.

UAE ready to join in forceful opening of Strait of Hormuz - WSJ01.04.26, 12:36 • 3284 views