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Huge additional tax gains from oil in April, as the war ignited by Trump and Israel in the Middle East drives crude oil prices higher worldwide and increases demand for Russian oil.
In the first 13 days of April, the average price per barrel was $106.30, a 42% increase from March, based on Argus Media data used by Moscow to calculate oil taxes.
And now, of course, the main reason is the closure of the Strait of Hormuz, which has slowed energy flows in the Middle East, destabilized markets, and forced refineries to seek alternative sources. Russia has been among the financial winners from this scramble.
Supply disruptions have altered trade flows and increased the value of available barrels. This has raised the price of Urals crude (the export blend sold from Russia’s western ports) to much higher levels than