Russia has earned an estimated €6 billion from fossil fuel exports in less than two weeks since the Iran conflict began on February 28, as global oil markets tightened and prices surged amid escalating geopolitical tensions, according to new analysis by the Centre for Research on Energy and Clean Air (CREA) highlighted by Urgewald. The data shows that Russia’s fossil fuel export revenues climbed to €510 million per day in the week following Israeli and US strikes on Iran, about 14% higher than the country’s daily average in February, underscoring how market volatility linked to the conflict is boosting earnings for major energy exporters.