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Sat · 15 Aug 2026

Russia's Oil and Gas Revenues Jump 40% in May on Hormuz Crisis

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Russia's Oil and Gas Revenues Jump 40% in May on Hormuz Crisis

🛢️ MOSCOW — The country not fighting is winning the most from this war. 📌 LOOK CLOSER: A 40% revenue surge means Moscow is monetizing Hormuz disruption without firing a shot — sanctions relief by market force. Every week Doha stalls, Russian reserves rebuild. Tehran has little incentive to concede when its closest backer grows stronger from the deadlock. Washington's squeeze on Iran is simultaneously refinancing the Kremlin.