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<title>Russia was expecting a windfall from soaring oil prices, but relentless Ukrainian drone attacks are devastating nearly half its export capacity</title>
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<description>The U.S. war on Iran set up Russia&#x26;#x2019;s economy for a major rescue after oil prices soared after the closure of the Strait of Hormuz. But if President Vladimir Putin was expecting a huge windfall, that view may literally be going up in smoke. With one-fifth of the world&#x26;#x2019;s oil supplies cut off, Russian oil suddenly became much more valuable. After trading at a steep discount to Brent crude, Urals oil nearly reached parity with the global benchmark. The U.S. also temporarily lifted sanctions on Russian crude, despite warnings that the move would provide a vital influx of revenue to...</description>
<author>Fortune.com</author>
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<pubDate>Mon, 30 Mar 2026 00:13:08 GMT</pubDate>
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