SENSEX
NIFTY
GOLD
USD/INR

Weather

image 23    C

Top News News

The Economic Times

Top News / The Economic Times

details

Iran-fuelled oil price rally is not enough to balance Russia's budget

Global oil prices have surged following strikes on Iran, reaching their highest point since July 2024. However, this price increase is not enough to balance Russia's budget. Russian oil is sold at a significant discount compared to international benchmarks. Heavy defense spending is draining state coffers.

3 Mar 2026 7:16 pm