Russia Oil Price Falls to Pre-Iran War Level in Blow to Kremlin
Energy,Russia,Oil,Oil Prices,Global Oil Supply,Global Economy
From the Left
AllSides Media Bias Rating: Lean Left
Russia's flagship crude price has slid to levels seen before the conflict in the Middle East, piling more pressure on Kremlin coffers that are already strained by the invasion of Ukraine.
The Urals grade averaged $41.66 a barrel at Russia's western ports in the first three days of July, less than half the level during the height of the oil market turmoil in April, according to Argus Media data. Russia's Finance Ministry uses the data to calculate taxes.
Check for Bias
The AI-powered AllSides Bias Checker instantly reveals the bias of a news article. Tap the button to use.
AllSides Picks
Red Blue Translator
Fracking
Headline Roundup
Graham Platner Accused of Sexual Assault, Dems Call on Him to Step Down
July 7th, 2026
