Russia’s oil tax revenues jumped to a six-month high last month as the Kremlin started reaping the benefits of a crude rally driven by the war in Iran. With oil still trading near $100 a barrel, the windfall is set to continue.
Russia’s oil tax revenues jumped to a six-month high last month as the Kremlin started reaping the benefits of a crude rally driven by the war in Iran. With oil still trading near $100 a barrel, the windfall is set to continue.
Top US officials spent Monday and Tuesday offering new details on the role the US military will play in helping ships pass through the Strait of Hormuz as part of President Donald Trump’s bid to break Iran’s chokehold over the waterway.
Top US officials spent Monday and Tuesday offering new details on the role the US military will play in helping ships pass through the Strait of Hormuz as part of President Donald Trump’s bid to break Iran’s chokehold over the waterway.
A bulk cargo ship sits at anchor in the Strait of Hormuz off Bandar Abbas, Iran, on May 2, 2026. Photographer: Amirhosein Khorgooi/ISNA/AP Photo
Top US officials spent Monday and Tuesday offering new details on the role the US military will play in helping ships pass through the Strait of Hormuz as part of President Donald Trump’s bid to break Iran’s chokehold over the waterway.
Top US officials spent Monday and Tuesday offering new details on the role the US military will play in helping ships pass through the Strait of Hormuz as part of President Donald Trump’s bid to break Iran’s chokehold over the waterway.
A bulk cargo ship sits at anchor in the Strait of Hormuz off Bandar Abbas, Iran, on May 2, 2026. Photographer: Amirhosein Khorgooi/ISNA/AP Photo
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