Russian oil revenues reached a four-year high in March 2026. Global supply disruptions from the Iran War and the closure of the Strait of Hormuz pushed Urals crude prices toward $100 per barrel at Indian and Chinese ports.
Revenue Double: Bloomberg data shows Russia's average daily oil revenue doubled from $135 million in January to $270 million by late March.
Urals Price Spike: While trading around $60–$70 at Russian ports, Urals delivered to India hit a record $98.93 (nearly $100) due to high demand and Middle East supply gaps.
Sanctions Easing: A temporary U.S. "reprieve" allowed Indian refiners to clear stranded Russian tankers, further boosting Moscow’s export volumes to roughly 3.6 million barrels per day.$BCH

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