‘Pocketing billions’: How the Iran war has thrown Putin an oily lifeline

  • Posted on March 31, 2026
  • By The Sydney Morning Herald
  • 3 Views
‘Pocketing billions’: How the Iran war has thrown Putin an oily lifeline

Every $US10 increase in oil prices benefits “Russia Inc” by about $US100 million a day at a time when the Kremlin had been facing a serious budget crunch.
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The Sydney Morning Herald

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