War in Iran Drives Russian Oil Prices to a 13-Year High

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Russian crude prices rose to the highest in more than 13 years as Moscow benefited from the Iran-linked global oil rally.

The country’s flagship Urals crude reached $116.05 a barrel on April 2 in Russia’s port of Primorsk, the biggest oil-export facility on the nation’s Baltic coast, according to data from Argus Media.

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