WS #10665
Ukrainian drones strike Ufa oil refineries and Moscow refinery, with repairs expected to take at least six months, but Russian governor claims normal operations. Oil prices fall to pre-Iran war levels as Strait of Hormuz traffic normalizes, with Qatar and other Gulf states reviving crude sales, countering the supply disruption thesis.
Ukraine drone strikes on Russian refineries escalate
Ukrainian drones strike Ufa oil refineries and Moscow refinery, with repairs expected to take at least six months, but Russian governor claims normal operations.
Oil prices fall to pre-Iran war levels as Strait of Hormuz traffic normalizes, with Qatar and other Gulf states reviving crude sales, countering the supply disruption thesis.