Can Russia serve as an economic lifeline for Iran amid the Hormuz blockade?
Iran War

Can Russia serve as an economic lifeline for Iran amid the Hormuz blockade?

Al Jazeera 29 April 2026, 11:32 AM by InkBrief News Desk
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Iran's foreign minister is in Russia for talks, highlighting the importance of their economic relationship. The two countries have deepened trade ties since the US reimposed sanctions on Iran in 2018, with bilateral trade dominated by agricultural products, machinery, and metals. Tehran has also supplied Russia with low-cost drones, and trade turnover reached $4.8 billion last year, with a 16 percent increase in Russian exports of grain, metals, and industrial goods.
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