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Cargo ships sail in the Arabian Gulf towards Strait of Hormuz in United Arab Emirates, Thursday, March 19, 2026.

Europe in Motion

Video. Russia pocketing billions from two weeks of war in Iran, data shows

Updated: 23/03/2026 - 11:46 GMT+1

Moscow's fossil fuel earnings hit €7.7 billion in the two weeks after joint US-Israeli strikes triggered the war in Iran, as the ongoing conflict has sent global oil prices skyrocketing and led the US to ease Russian sanctions.

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