Russia’s oil revenue surges as sanctions relief eases during war on Iran

Al Jazeera - JRussia’s revenue from oil exports almost doubled in March after Moscow received sanctions relief aimed at easing surging energy prices during the US-Israel war on Iran, according to the International Energy Agency.

The country earned $19bn last month as crude and oil product exports soared to 7.1 million barrels per day from just 320,000 in February, it said.

The US eased some restrictions on sales of Russian crude imposed over Russia’s war against Ukraine, allowing countries to buy oil that was already at sea until April 11.