Russia thought it had a windfall coming. When the Iran war effectively closed the Strait of Hormuz and sent oil prices surging, Moscow was positioned to pocket around $760 million a day from energy exports. War elsewhere was becoming a revenue stream. Ukraine had other plans. In the span of five days, Ukrainian drones struck Russia’s two largest Baltic oil export facilities — Ust-Luga and Primorsk — three separate times. Then came a fourth hit: the KINEF Kirishi refinery, one of Russia’s largest, processing around 350,000 barrels a day.