WS #10114
Ukraine launched its largest drone attack on Moscow, striking a key oil refinery and forcing airport closures, potentially impacting Russian fuel supply and providing a minor offset to the bearish oil narrative from the Iran deal. The US and Iran signed an interim agreement including a ceasefire, removal of US forces near Iran within 30 days, a $300B reconstruction plan, and normalization of oil exports, which is bearish for oil prices and bullish for equities.
Ukrainian drone strike on Moscow refinery
Ukraine launched its largest drone attack on Moscow, striking a key oil refinery and forcing airport closures, potentially impacting Russian fuel supply and providing a minor offset to the bearish oil narrative from the Iran deal.
The US and Iran signed an interim agreement including a ceasefire, removal of US forces near Iran within 30 days, a $300B reconstruction plan, and normalization of oil exports, which is bearish for oil prices and bullish for equities.