Russia records $6.9 billion oil sales as Middle East conflict hampers Strait of Hormuz
Russia earned a record $6.9 billion from oil sales amid the Middle East conflict. The conflict has crippled the Strait of Hormuz. Russia's oil revenue has risen sharply during this period.1
The disruption of the Strait of Hormuz, a major oil transport route, could affect global fuel supplies and pose risks to airline operations that rely on steady petroleum deliveries.1