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Russia’s crude oil exports rise to a post-invasion high of 3.46 million barrels per day in 2026, supported by Middle East fuel disruptions and reduced domestic refining. Drone attacks on Russian refineries lower fuel processing, forcing more raw crude into export markets. At the same time, the Iran war and Strait of Hormuz disruption push buyers toward Russian supply. Moscow’s fossil fuel revenues jump sharply, while tax income also rises. Shadow tankers, Asian demand, and EU loopholes continue to help Russia move oil despite sanctions.
Tuesday, 2 June, 2026