Key facts
- Russia's crude exports are at post-Ukraine-invasion highs for the first five months of the year.
- Moscow is reaping maximum financial gains from the conflict in Iran.
- The Russian Ruble is the top performing EM currency since the conflict with Iran began.
- The US supports the blockade of Iran.
- The conflict has resulted in a financial gain for Putin.
Russia's crude oil exports have reached new post-Ukraine-invasion highs in the first five months of this year, enabling Moscow to maximize financial gains from the ongoing conflict in Iran. This surge in exports coincides with the Russian Ruble becoming the leading emerging market currency since the conflict's inception. The US supports the blockade of Iran, an action that has inadvertently led to significant financial benefits for Russia's leadership.