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The Independent UK
The Independent UK
National
David McHugh

How Russia could profit from rising energy prices fuelled by Iran war

Russia Oil Iran United States Ukraine United Kingdom Chris Weafer European Union Kaja Kallas Middle East

The escalating conflict in Iran is inadvertently bolstering Russia's financial capacity, strengthening its ability to fund its ongoing war in Ukraine through increased energy profits.

Prices for Russian oil exports have surged from under $40 per barrel as recently as December to approximately $62 per barrel.

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