Will Russian oil be the biggest winner in the US-Israel war on Iran?
AI Summary
Amidst the US-Israeli war on Iran that began in late February 2026, Russian oil has become a major beneficiary. With Iran's closure of the Strait of Hormuz disrupting global oil supplies, the US has temporarily eased sanctions on Russian oil, leading to increased sales and profits for Russia. Specifically, Russia earned an additional 672 million euros in the first two weeks of the war. The price of Russian Urals oil has also risen significantly, reaching around $90 per barrel. Some tankers carrying Russian oil initially bound for China have been rerouted to India. The disruption caused by the war has created a global energy crisis, prompting the US to allow increased Russian oil exports to mitigate potential price increases.
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This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
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