WS #10985
Putin admits fuel shortages as Ukrainian drone strikes hit Russian refineries, with one-third of Russian refining capacity reportedly offline, bullish for oil prices. Bloomberg reports US and Iran agree to halt attacks ahead of talks; Iran's president says $6B in frozen assets to be released, potentially reducing oil risk premium.
Russia-Ukraine Energy War Escalation
Putin admits fuel shortages as Ukrainian drone strikes hit Russian refineries, with one-third of Russian refining capacity reportedly offline, bullish for oil prices.
Bloomberg reports US and Iran agree to halt attacks ahead of talks; Iran's president says $6B in frozen assets to be released, potentially reducing oil risk premium.