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$100 Oil Is Solving Russia's Budget Problem

ports_congestion UTC: 2026-03-27 16:30:00

Russia is getting an unexpected windfall from the war in the Middle East. The Kremlin’s oil revenues this month hit a four-year high as oil prices jumped to $100 per barrel amid the Iran war and the de facto closed Strait of Hormuz. Moscow expects so much additional revenues f...

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