Ukraine Warns Oil Price Surge Set to Boost Putin’s War Chest

Ukraine’s central bank chief said the US-led campaign against Iran risks piling additional pressure on the country’s war-devastated economy while handing a boost to Russian President Vladimir Putin in the fifth year of his invasion.

In an interview, Governor Andriy Pyshnyispelled out the knock-on effects of spiraling oil prices triggered by the Middle East turmoil, including a worsening trade balance and a surge in energy costs that could boost inflation, depending on the duration of the upheaval.

But worse, he said, was the potential for President Donald Trump’s latest attack to draw attention away from the war in ...