As the Iran war upends energy flows, Russia is emerging as the real winner

Russia is set to be a major beneficiary of the Middle East-driven energy crisis as higher oil prices and temporary sanctions relief have boosted the value and volume of its crude exports, analysts told CNBC. The trend should lift Russian export revenues and put upward pressure on global oil prices, increasing sector volatility and geopolitical market risk.

Analysis

Russia is set to be a major beneficiary of the Middle East-driven energy crisis as higher oil prices and temporary sanctions relief have boosted the value and volume of its crude exports, analysts told CNBC. The trend should lift Russian export revenues and put upward pressure on global oil prices, increasing sector volatility and geopolitical market risk.