Iran's closure of the Strait of Hormuz has led to a surge in oil prices, directly benefiting Russia. This situation has allowed Russia to increase its revenues from oil sales, as it controls a significant portion of the world's supply. The restriction on the movement of oil through this key strait has highlighted Russia's importance as an alternative supplier, further boosting its profits.
This increase in oil revenues provides Russia with a significant economic advantage at a time when it faces sanctions and international economic pressures. The additional funds allow the Kremlin to maintain its military spending and support its operations abroad, including its involvement in the conflict in Ukraine. The current geopolitical situation, therefore, indirectly favors Russia's economic and strategic position.