US-Iran war boosts Russian oil revenues
Financial Times
— · 12min
Gulf oil producers have lost billions of dollars in energy revenues since the start of the US-Iran war, but there is one country benefiting: Russia.
It is earning as much as $150mn a day in extra budget revenues from its oil sales.
Plus, the FT’s defence and security correspondent Charles Clover explains what may come next in the conflict.
Mentioned in this podcast:
https://www.ft.com/content/041bd1f6-f27b-41fd-a051-9ff337985cae?accessToken=zwAAAZ190cNlk88EG9H28ntB_dOgUZ_zN5hcrtP0UYjdV9RNXdOQ4FkZBUOxrtPdlzFItqFAltOX2jCQoFj-CAE.MEUCIAmJQpVNFHabIJPWpt7JPme2RkxAOQQcnVvv0C2oyM-jAiEAltPYIUc6j6IByY5Iz2gFD6NOEllRM_dhnQZPSJNRiI8&segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Gulf states lose $15bn in energy revenues since start of war
https://www.ft.com/content/73c1c22b-83d0-4663-8907-edcf235a454c?accessToken=zwAAAZ1-GpECkc9zwcIrg9BGY9OJB-3PI1pFTAE.MEQCIGDrJGqBJBADZKWly3sGc4vAAO7javu6oOBMADZxi7PkAiAT2kA3aTM3I55iO449pSEYx5qYY00SbTIR48YOBYJKMw&segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Iran’s new supreme leader vows to keep Strait of Hormuz closed
https://www.ft.com/content/f45188dd-57d4-4d5d-90e0-59190543b1ae?accessToken=zwAAAZ190cNlk88EG9H28ntB_dOgUZ_zN5hcrtP0UYjdV9RNXdOQ4FkZBUOxrtPdlzFItqFAltOX2jCQoFj-CAE.MEUCIAmJQpVNFHabIJPWpt7JPme2RkxAOQQcnVvv0C2oyM-jAiEAltPYIUc6j6IByY5Iz2gFD6NOEllRM_dhnQZPSJNRiI8&segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">‘Sitting ducks’: oil tankers trapped in Gulf as Iran widens attacks on shipping
https://www.ft.com/content/dd973148-b6a1-4096-97da-3090a058fe08?accessToken=zwAAAZ190cNlk88EG9H28ntB_dOgUZ_zN5hcrtP0UYjdV9RNXdOQ4FkZBUOxrtPdlzFItqFAltOX2jCQoFj-CAE.MEUCIAmJQpVNFHabIJPWpt7JPme2RkxAOQQcnVvv0C2oyM-jAiEAltPYIUc6j6IByY5Iz2gFD6NOEllRM_dhnQZPSJNRiI8&segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Russia rakes in $150mn a day in extra revenue from surging oil prices
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