Russia could be earning up to $150 million a day in additional budget revenues from oil exports as the conflict in the Middle East drives up global prices and boosts demand for Russian crude. According to calculations cited by the Financial Times ( FT ), Moscow has already received an estimated $1.3 billion to $1.9 billion windfall from oil export taxes after disruptions to shipping through the Strait of Hormuz, a key chokepoint for global oil supplies, pushed buyers to seek alternative