OREANDA-NEWS  At the beginning of trading on Monday, March 2, the Moscow Exchange index rose sharply and came close to 2,825 points, which was the highest since January 29. This is evidenced by the data of the site.

This result was provided to the Russian stock market by representatives of the oil and gas sector, whose securities soared against the background of the Israeli and US operations in Iran. Thus, Rosneft is growing by more than six percent, while Lukoil is growing by almost five percent.

Iran's possible closure of the Strait of Hormuz threatens to disrupt oil supplies to the world market and increase prices up to $ 100 per barrel, which will significantly increase demand for Russian oil.

However, on the first trading day after the start of hostilities, traders act rather cautiously. The cost of Brent is rising around five percent, as Tehran begins to refute the closure of the strait through which their oil flows pass. Nevertheless, at least two tankers have already been damaged as a result of the shelling, so the situation remains uncertain.

For Russia, a prolonged conflict means a significant increase in oil and gas business and budget revenues. However, if the new leadership of Iran and the United States conclude a deal, the price of oil may decrease significantly due to a significant increase in supply.