Putin making $760m a day from oil as war in Iran delivers windfall

Vladimir Putin is raking in at least $760m (£570m) a day as the war in Iran drives soaring demand for Russian oil. Kremlin sales from oil and gas will double from about $12bn to nearly $24bn this month as Putin profits from an enormous price surge and Donald Trump’s sanctions waivers, according to the Kyiv School of Economics (KSE) Institute. Even if the war ends in the next few weeks, Russia’s oil and gas revenues are expected to surge to $218.5bn this year – 63pc more than if there was no disruption to Middle East energy supplies. It means Putin...