Russia earns additional $150m per day from oil experts amid Strait of Hormuz closure

Demand for Russian oil has surged following regional tensions, with India and China emerging as major buyers

MOSCOW: (UrduPoint/UrduPoint / Pakistan Point News-March 13rd, 2026) Russia is earning an additional $150 million per day from oil exports due to the ongoing conflict in the middle East and the closure of the Strait of Hormuz, according to a British publication.

The report highlights that demand for Russian oil has surged following the regional tensions, with India and China emerging as major buyers. This shift has provided Russia with significant unexpected financial gains as global oil supplies face disruptions.

Russia has so far gained between $1.3 billion and $1.9 billion in additional revenue from oil export taxes. If current price levels continue, the country could see total extra earnings of $3.3 billion to $4.9 billion by the end of March.

The development comes amid rising concerns over energy security and the impact of regional instability on global oil prices, highlighting the far-reaching consequences of the Middle East crisis.

India’s imports of Russian oil have reportedly increased to 1.

5 million barrels per day, reflecting a 50% rise within just one month. China has also increased its purchases, further strengthening Russia’s position in the global oil market amid the instability.

The publication noted that the closure of the Strait of Hormuz—a crucial shipping route for global oil—combined with the Middle East conflict, has created an unusual advantage for Russia. While many countries struggle with supply shortages and rising fuel prices, Russia is benefiting from both higher export volumes and taxation revenue.

Analysts warn that the surge in revenue gives Moscow additional leverage in global energy markets, even as geopolitical tensions continue to disrupt traditional supply routes. The situation underscores how regional conflicts can unexpectedly shift global trade flows and create economic opportunities for energy producers outside the immediate conflict zones.