WS #11370
Ukraine struck a major oil terminal in St. Petersburg and a naval base at Kronstadt, with Zelensky confirming the operation as 'long-range sanctions,' escalating the conflict and threatening Russian energy infrastructure. Iran announced a special toll regime for China in the Strait of Hormuz, signaling potential control over oil transit and raising geopolitical risk for global oil supply. Russia increased June subsidies to oil refiners by six-fold to $2.72 billion to keep domestic fuel supplies stable amid Ukrainian attacks on refineries, partially offsetting supply disruption fears.
Ukraine drone strike on St. Petersburg oil terminal
Ukraine struck a major oil terminal in St. Petersburg and a naval base at Kronstadt, with Zelensky confirming the operation as 'long-range sanctions,' escalating the conflict and threatening Russian energy infrastructure.
Iran announced a special toll regime for China in the Strait of Hormuz, signaling potential control over oil transit and raising geopolitical risk for global oil supply.
Russia increased June subsidies to oil refiners by six-fold to $2.72 billion to keep domestic fuel supplies stable amid Ukrainian attacks on refineries, partially offsetting supply disruption fears.