financetom
World
financetom
/
World
/
Russian rouble gains as oil prices jump after Israel strikes Iran
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Russian rouble gains as oil prices jump after Israel strikes Iran
Jun 13, 2025 8:11 AM

June 13 (Reuters) - The rouble rose against the dollar

on Friday, supported by a sharp jump in prices for oil, Russia's

main export, after Israel launched major strikes against Iran.

Israel said it had attacked nuclear facilities and missile

factories and killed a swathe of military commanders in what

could be a prolonged operation to prevent Tehran building an

atomic weapon.

The attacks sparked Iranian retaliation and raised concerns

about possible disruption to oil supplies.

Brent crude was up 7% at $74.20 a barrel by 1439

GMT. The rouble was 0.4% higher at 79.70 per U.S. dollar,

according to LSEG data based on over-the-counter quotes.

Trading was light, as Russia was marking a two-day national

holiday.

The rouble appreciated more sharply earlier in the session,

but as oil prices pared some of their early gains, so too did

the Russian currency.

Russia's benchmark rouble-based stock index rose

0.9% on the day, led by oil majors, with shares in Rosneft

, Tatneft and Lukoil rising 5.9%,

5% and 2.7% respectively.

The rouble has strengthened by over 40% against the dollar

this year, a rise analysts have attributed to the easing of

geopolitical tensions - mainly with U.S. President Donald

Trump's administration - and the central bank's tight monetary

policy, which has reduced demand for foreign currency.

Against the Chinese yuan, the most traded foreign currency

in Russia, the rouble strengthened by 0.5% to 10.90 on the

Moscow Stock Exchange. The central bank uses yuan for foreign

exchange interventions.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
GLOBAL MARKETS-China gloom sucks life out of Asia's rate cut cheer
GLOBAL MARKETS-China gloom sucks life out of Asia's rate cut cheer
Mar 21, 2024
(Recasts to lead on Chinese markets, updates prices) By Rae Wee SINGAPORE, March 22 (Reuters) - Chinese stocks were a sea of red on Friday and the yuan fell sharply, dragging down the broader mood in Asia and putting a dent in the rate cut rally after a surprise move from the Swiss National Bank had investors wagering on who...
GLOBAL MARKETS-Asia shares on a roll as SNB kicks off rate cuts
GLOBAL MARKETS-Asia shares on a roll as SNB kicks off rate cuts
Mar 21, 2024
SINGAPORE, March 22 (Reuters) - Asian stocks were near a weekly gain on Friday and the Nikkei charged to a record high, riding a rally from its global counterparts after a surprise rate cut from the Swiss National Bank had investors wagering who could be next. The SNB's 25 basis point rate cut on Thursday proved a shot in the...
China yuan falls to four-month low, state banks step in
China yuan falls to four-month low, state banks step in
Mar 21, 2024
(Updates to midday) SHANGHAI, March 22 (Reuters) - China's yuan declined to a four-month low against the dollar on Friday, breaching a key threshold and prompting state-owned banks to step in to defend the currency. In the spot market, the onshore yuan fell to the weak side of the psychologically important 7.2 per dollar level to hit a low of...
Asia shares on a roll as SNB kicks off rate cuts
Asia shares on a roll as SNB kicks off rate cuts
Mar 21, 2024
SINGAPORE (Reuters) - Asian stocks were near a weekly gain on Friday and the Nikkei charged to a record high, riding a rally from its global counterparts after a surprise rate cut from the Swiss National Bank had investors wagering who could be next. The SNB's 25 basis point rate cut on Thursday proved a shot in the arm for...
Copyright 2023-2025 - www.financetom.com All Rights Reserved