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Russia earns up to $760 million daily as Iran war drives oil windfall

By The South Asia Times

MOSCOW - Russia is earning an estimated $760 million per day from oil exports as the ongoing Iran war disrupts global energy markets and pushes prices sharply higher, according to international media reports and economic analysts.

The figure, widely cited from an analysis highlighted by The Telegraph, reflects a surge in demand for Russian crude as supply routes in the Middle East face uncertainty and disruption.

The estimate is based on data from the Kyiv School of Economics (KSE) Institute, which tracks Russian oil and gas income. Analysts say rising crude prices and increased export volumes have significantly boosted Moscow’s earnings.

Reports indicate that Russia’s monthly oil and gas revenues could nearly double during the crisis, driven by an increase in global oil prices, greater reliance on Russian exports as alternative supplies, and reduced discounts on Russian crude in international markets.

The Iran war has rattled energy markets, particularly due to risks around the Strait of Hormuz, a critical artery for global oil shipments. Any disruption in this corridor has immediate ripple effects on global supply and pricing.

As a result, countries have increasingly turned to Russia, one of the world’s largest energy exporters, helping offset losses from the Middle East while simultaneously boosting Kremlin revenues.

President Vladimir Putin has acknowledged the influx of funds, cautioning against overreliance on volatile energy income and urging fiscal discipline despite the windfall.

While the current surge represents a major economic boost for Moscow, analysts warn that the sustainability of such high revenues will depend on the duration of the conflict and the stability of global markets.

The situation highlights how geopolitical crises can rapidly reshape economic dynamics, turning energy exporters like Russia into key beneficiaries even amid broader global instability.

Currently, Moscow has emerged as a key supplier, helping a majority of countries meet their growing demand for oil and gas amid ongoing global supply disruptions.