Increase in Russia's oil revenues due to the war in Iran
March 26, 2026
Russia is reportedly making at least $760 million a day due to increased demand for Russian oil caused by the war in Iran. Kremlin revenues from oil and gas are expected to double in March, reaching nearly $24 billion. Even if the war ends soon, Russia's oil and gas revenues could reach $218.5 billion by 2026. The U.S. government has given the green light for the sale of Russian oil before a certain date. Oil prices have surged due to the war's impacts.