Russia oil tax revenue surges amid Iran war - Reuters
Russia is set to see a sharp increase in oil tax revenues in April as the Iran crisis drives up global energy prices, according to Reuters calculations.
The surge reflects higher crude prices after disruption to flows through the Strait of Hormuz, offering Moscow a financial boost as one of the world’s largest oil exporters.
However, the scale of the gains remains uncertain, with ongoing budget pressures and attacks on energy infrastructure weighing on Russia’s outlook.
