Today, there are interesting updates from the Russian Federation. Here, the Russians cheered as oil prices rose due to the war in Iran, hoping to boost their revenue and laugh off Western sanctions. However, even elevated prices could not offset the costs that the Russian shadow fleet has incurred recently, pushing Russia deeper into the losses and deficit. The war in Iran initially appeared to hand Moscow a rare economic opportunity, as disruptions in the Strait of Hormuz sent global oil prices soaring. With tanker traffic halted and markets in panic, Russian Urals crude surged to nearly 100 dollars per barrel in India, its highest level since the start of the full scale invasion in Ukraine. Backed by a temporary US waiver allowing Indian purchases, Russia was suddenly earning up to 150 million dollars per day in additional oil revenue. In the first 12 days, Moscow reportedly gained aro

Source: Ships attacked, cargo seized: Russian shadow fleet slowly goes broke due to loses and mounting costs