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Iran War Boosts Russia’s April Oil Tax Revenue to Six-Month High

Fiscal Policy & BudgetEnergy Markets & PricesGeopolitics & WarCommodities & Raw Materials

Russia's oil tax revenues rose to a six-month high last month as a crude rally tied to the war in Iran boosted prices. With oil still near $100 a barrel, the revenue windfall for the Kremlin is likely to continue, supporting fiscal receipts in the near term.

Analysis

Russia's oil tax revenues rose to a six-month high last month as a crude rally tied to the war in Iran boosted prices. With oil still near $100 a barrel, the revenue windfall for the Kremlin is likely to continue, supporting fiscal receipts in the near term.

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