Barrels of contention. What will happen to the ruble because of the conflict between Iran and Israel Increased confrontation in the middle East will push oil prices up, followed by a stronger ruble. But to what extent? The last month of spring again showed how much the oil prices depend on geopolitical situation. The US withdrawal from the Iranian nuclear agreement has launched a new rally in the market, allowing prices to reach a new three-year highs in the $80 per barrel. However, in our opinion, the current increase in oil prices contributes not only to the renewal of us sanctions against Iran, but a significant deterioration in Israeli-Iranian relations. Both sides have an impressive history of conflict. So, in April, the collision of the Iranian and Israeli militarized groups significantly increased, moreover, both sides of the conflict for the first time acknowledged the existence of victims who died in
