WS #11307
Massive Ukrainian drone attack on Russia, explosions across Crimea, and guided bomb strikes on Kherson signal a significant escalation in the conflict, potentially reintroducing geopolitical risk premium. Mideast Gulf crude exports rise above 10 million bpd in June (still 40% below pre-conflict levels) and Strait of Hormuz shipping activity quadruples in a week, indicating easing oil supply fears.
Ukraine-Russia Conflict Escalation
Massive Ukrainian drone attack on Russia, explosions across Crimea, and guided bomb strikes on Kherson signal a significant escalation in the conflict, potentially reintroducing geopolitical risk premium.
Mideast Gulf crude exports rise above 10 million bpd in June (still 40% below pre-conflict levels) and Strait of Hormuz shipping activity quadruples in a week, indicating easing oil supply fears.