Russia has raked in nearly $7 billion in fossil fuel revenues since the U.S. and Israel's strikes against Iran led to the near-closure of the Strait of Hormuz, according to a new report.
We talked about this on Coffee With Texas Paul a week ago. As soon as they issued the exemption for India to buy Russian oil the sanctions were dead as disco. www.nytimes.com/2026/03/12/u ...
-- Texas Paul (@realtexaspaul.com) Mar 12, 2026 at 10:30 PM
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@#8
To wit...
Oh, boy': Oil industry frets over Trump's profit-minded Iran post
www.politico.com
... President Donald Trump may think his war in Iran is a boon for the oil industry " but his way of putting it is causing consternation.[emphasis mine]
"The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money," Trump wrote in a Truth Social post Wednesday as crude prices rose to $95 per barrel, a 40 percent increase from where they were before the U.S. and Israel attacked Iran nearly two weeks ago. ...
Trump has ended all oil sanctions on Russia.
Biden To Waive Sanctions For Company Building Russian Gas Pipeline
www.npr.org
How Biden helps Iran pay for its terror by refusing to enforce current sanctions
www.fdd.org
How Nearly $200 Million in Russian Oil Reached the US Despite Sanctions
www.newsweek.com
Biden administration imposes toughest sanctions on Russian oil and gas (January 10, 2025)
www.theguardian.com
... Measures targeting Russian energy sector attempt to leverage peace deal for Ukraine in Trump administration ...
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