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Russia Hits Kyiv as Ukraine Strikes Major Russian Oil Refinery
Source: Bloomberg
Geopolitics & WarEnergy Markets & PricesInfrastructure & Defense
Russia launched overnight air attacks on Ukraine while Ukrainian drones struck one of Russia's largest oil refineries, indicating no effective energy truce has been reached despite claims by US President Donald Trump. The escalation raises risks to Russian refining capacity and regional energy supplies, potentially supporting oil-risk premiums while worsening the geopolitical outlook.
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