US-Iran conflict would not provide lasting economic relief for Russia (visegradinsight.eu)

• Russia's oil and gas revenues at lowest since 2020 by end of 2025
• January 2026 budget deficit nearly 50% of annual target
• Temporary oil price spike from Iran conflict cannot solve structural economic problems

"Russia's economy is stagnating as oil and gas revenues hit their lowest since 2020. A war in Iran could temporarily spike oil prices to $110-150 per barrel, but would not secure permanent demand for Russian oil and gas. The budget deficit in January 2026 alone reached nearly 50% of the annual target."