US-Iran tensions lead to good oil and currency news for Russia

RUSSIA / FSU POLITICS - In Brief 16 May 2019 by Alex Teddy
The United States accused Iran of trying to sink Saudi oil tankers on May 13. Warlike statements from Washington have led to a rise in oil prices and the RUB.The oil tankers were damaged in the Strait of Hormuz in between Iran and the UAE. The US believes that either the Iranians did it or Iran's Houthi allies did it. The US, Germany and Holland have removed most of their personnel from Iraq indicating that they think war is a serious possibility. Iraq borders Iran and the Shia dominated Iraqi Government is on very good terms with Iran. The US could tighten sanctions even further on Iran. Some US allies are urging this as an alternative to air strikes. President Putin was publicly asked if Russia would join such sanctions. He indicated that Russia would not.Trump raised tensions with the Chinese by declaring a state of emergency in relation to the Chinese tech company Huawei allegedly spying. This is in addition to even more tariffs on Chinese goods. As the US relations with Iran and China deteriorates the relationship between China and Iran will strengthen. This offers an opportunity to Russia.Trump has raised tensions with the Chinese by declaring a state of emergency in relation to the Chinese tech company Huawei allegedly spying. This is in addition to even more tariffs on Chinese goods. As the US' relationship with Iran and China deteriorate the relationship between China and Iran will strengthen. This offers an opportunity to Russia.

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