NYT -Russia Revels in a Sudden Reversal in Fortunes as Oil and Gas Prices Soar [View all]

The Kremlin is enjoying a sudden resurgence of its importance as a global supplier of oil and gas, as the conflict in Iran disrupts energy production and shipment across the Middle East and sends global energy prices soaring.

The surge in energy prices comes as a reprieve to Moscow, after a year in which Russian oil and gas revenues declined by nearly a quarter and strained the nation’s wartime economy.

“We are seeing an increase in demand, a substantive increase in demand for Russian energy providers in connection with the war in Iran,” the Kremlin spokesman, Dmitri S. Peskov, told journalists in a briefing on Friday.

https://www.nytimes.com/2026/03/07/world/europe/russia-iran-oil-exports.html?smid=nytcore-ios-share