Russia’s oil revenue nearly doubles

Russia’s oil revenue almost doubled last month, the International Energy Agency reported yesterday. Due to the war in Iran and Iran’s terrorist attacks on energy shipping in the Strait of Hormuz, the average price of Russian oil rose from $46 per barrel in February to $78 per barrel, and income increased from $9.7 billion in February to $19 billion. For Russia, the timing couldn’t be better, as it faced a first-quarter national budget deficit that exceeded $60 billion, surpassing the projected deficit for the entire year. Russia, once again, can escape crippling economic conditions and continue its aggression, and the Bible prophesies much more of the same.