financetom
World
financetom
/
World
/
Russian rouble gains as oil prices jump on Middle East tensions
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Russian rouble gains as oil prices jump on Middle East tensions
Jun 13, 2025 4:48 AM

June 13 (Reuters) - The rouble gained 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 7.9% at $74.83 a barrel by 1124

GMT. The rouble was 0.6% higher at 79.50 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.

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 0.3% to 10.92 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 >
MORNING BID ASIA-Markets under pressure, China house prices eyed
MORNING BID ASIA-Markets under pressure, China house prices eyed
Mar 14, 2024
March 15 (Reuters) - A look at the day ahead in Asian markets. Asian markets are likely to come under downward pressure at the open on Friday, following the sharp rise in U.S. bond yields and the dollar the previous day on the back of yet another hotter-than-expected U.S. inflation report. Wall Street's late slide on Thursday - the S&P...
Morning bid: Markets under pressure, China house prices eyed
Morning bid: Markets under pressure, China house prices eyed
Mar 14, 2024
(Reuters) - A look at the day ahead in Asian markets. Asian markets are likely to come under downward pressure at the open on Friday, following the sharp rise in U.S. bond yields and the dollar the previous day on the back of yet another hotter-than-expected U.S. inflation report. Wall Street's late slide on Thursday - the S&P 500 and...
MORNING BID EUROPE-Rethink on Fed cuts creates tech wobble
MORNING BID EUROPE-Rethink on Fed cuts creates tech wobble
Mar 14, 2024
A look at the day ahead in European and global markets from Kevin Buckland European traders may do well to brace themselves for a sell-off on Friday, with equity markets sinking around Asia as investors adjust to the prospect of later and fewer Fed rate cuts this year. Declines in markets like Hong Kong and South Korea of more than...
CANADA STOCKS-TSX retreats from 2-year high as investors rethink rate cut bets
CANADA STOCKS-TSX retreats from 2-year high as investors rethink rate cut bets
Mar 14, 2024
* TSX ends down 0.6% at 21,829.85 * Communication services index falls 1.5% * Energy rises 0.9%; oil settles at 4-month high * Lithium Americas ( LAC ) rises 5.6% on US DOE loan (Updates at market close) By Fergal Smith March 14 (Reuters) - Canada's main stock index fell on Thursday, consolidating some recent gains, as hotter-than-expected U.S. inflation...
Copyright 2023-2025 - www.financetom.com All Rights Reserved