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The Independent UK
The Independent UK
World
Stuti Mishra

How Trump’s bid to cut oil prices will fill Russia’s war chest with billions

Russia Oil United States Donald Trump Vladimir Putin Kremlin Isaac Levi Volodymyr Zelenksyy Iran Moscow

Russia could earn more than $10bn (£7.8bn) in additional oil and gas revenues to help fuel its war on Ukraine – thanks to Donald Trump, experts warn.

The US president lifted restrictions on countries buying Russian crude stranded at sea, after the closure of the key shipping route, the Strait of Hormuz, due to the Iran war he started, sent prices soaring. A fifth of the world’s oil supply passes through the strait.

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