Russia is emerging as one of the biggest financial beneficiaries of the war involving the United States, Israel, and Iran. Rising oil prices and temporary sanctions relief have boosted the value and volume of Russian crude exports, analysts told CNBC.
Energy markets have been shaken by fears that the conflict could disrupt shipments through the Strait of Hormuz. The narrow corridor carries roughly 20 percent of the world’s oil supply.
As the Iran war upends energy flows, Russia is emerging as the real winner https://t.co/hmennhBZvw
— CNBC International (@CNBCi) March 10, 2026
Oil prices surged above $100 per barrel as traders reacted to the risk of supply disruptions. Prices later fell after President Donald Trump signaled the conflict might ease, but they remain about 27 percent higher than before the war.
Higher prices are directly strengthening Russia’s state revenues. Analysts say U.S. waivers allowing India to continue buying Russian crude have pushed sales prices close to $90 per barrel.
Russia could generate tens of billions of dollars in additional revenue if energy prices stay elevated. However, sanctions, infrastructure damage, and limited buyers still restrict Moscow’s long term gains.
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TIPP Staff
