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Russia looks for benefits from extended Iran war

Mar 8, 2026, 6:26pm EDT
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Russian oil refinery
Olga Maltseva/AFP via Getty Images

Russia hopes to reap the benefits of an extended Middle East war, even as the conflict imperils one of its allies.

Moscow is profiting from a spike in oil prices, and the Kremlin bets a windfall from prolonged hostilities could help boost its coffers to pay for military operations in Ukraine and plug a budget deficit, The Associated Press wrote.

India, China, and Turkey could increase purchases of Russian crude. Russia also hopes the war pulls attention away from Ukraine and depletes Western arsenals.

A weakened Iran wouldn’t dramatically dent Vladimir Putin’s authority at home or abroad, analysts said. Iran has always been “something of a strategic frenemy” to Russia, one expert said, and the war could make Tehran a more amenable partner.

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