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While U.S. President Donald Trump struggles to find closure in his war of choice in Iran, Ukraine and the rest of the world are still grappling with the fallout of a different, unwanted war. The problem is that Trump’s war with Iran, which drove global oil prices sky-high, has let Russia make bank to the tune of billions of dollars a month.

Moscow’s earnings from fossil fuel exports in March reached a two-year high, with income of 713 million euros a day and tax receipts of 7.4 billion euros for the month, according to the Centre for Research on Energy and Clean Air (CREA), a Finland-based independent research organization that has tracked Russian energy revenues meticulously since that war began.

While U.S. President Donald Trump struggles to find closure in his war of choice in Iran, Ukraine and the rest of the world are still grappling with the fallout of a different, unwanted war. The problem is that Trump’s war with Iran, which drove global oil prices sky-high, has let Russia make bank to the tune of billions of dollars a month.

Moscow’s earnings from fossil fuel exports in March reached a two-year high, with income of 713 million euros a day and tax receipts of 7.4 billion euros for the month, according to the Centre for Research on Energy and Clean Air (CREA), a Finland-based independent research organization that has tracked Russian energy revenues meticulously since that war began.

That windfall has a godfather: Trump himself. Despite two years of increasingly stringent Western sanctions on Russian energy exports and tankers—a sanctions garrote that had come close to causing fiscal........

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