Russia could earn nearly double its usual oil revenues, potentially reaching about $9 billion in April 2026, as a result of the war involving United States and Israel against Iran.
An analysis published by Reuters indicates that Russia, the world’s second-largest oil exporter, is experiencing unexpected economic gains triggered by the ongoing conflict.
Oil traders say the confrontation between the United States and Iran has created one of the most severe energy disruptions in recent history, with global oil prices nearly doubling within a short period.
Following intensified attacks on Iran by the United States, Tehran responded by closing the strategic Strait of Hormuz, a vital passage through which roughly 20% of the world’s traded oil normally passes.
The closure caused a sharp surge in fuel prices, with a barrel of oil climbing above $100, a level rarely seen in recent months.
As the Hormuz route became restricted, Russia gained greater opportunities to export oil and natural gas, receiving increased demand from international buyers seeking alternative suppliers.
Reuters’ analysis suggests that in April 2026 alone, Russia could earn around 700 billion rubles (approximately $9 billion), a significant increase compared with the 327 billion rubles it earned in March.
The price of Russian crude oil also rose sharply, climbing from about $44.59 per barrel in February to roughly $77 per barrel in March 2026.
Russian officials say demand for their oil and gas continues to rise, meaning Moscow could benefit even more if the Iran conflict persists, despite ongoing efforts by Ukraine to disrupt Russia’s energy sector.
