WS #11228
Ukrainian drone strikes hit Russia's fourth-largest oil refinery (Lukoil), causing a severe fuel crisis in Russia with long lines at petrol stations and Kyrgyzstan seeking fuel from neighbors; Kremlin threatens increased pressure on Kyiv. US-Iran indirect talks in Doha conclude with positive progress on Strait of Hormuz traffic; aluminum prices plunge 18% on reopening expectations; base metals fall.
Russia-Ukraine Energy War Escalation
Ukrainian drone strikes hit Russia's fourth-largest oil refinery (Lukoil), causing a severe fuel crisis in Russia with long lines at petrol stations and Kyrgyzstan seeking fuel from neighbors; Kremlin threatens increased pressure on Kyiv.
US-Iran indirect talks in Doha conclude with positive progress on Strait of Hormuz traffic; aluminum prices plunge 18% on reopening expectations; base metals fall.