WS #11506
Large-scale Russian missile and drone attack on Kyiv kills at least 10-11, with Ukrainian strikes on Russian oil refinery and Crimea power grid, ahead of NATO summit. OPEC+ agrees to 188,000 bpd output increase for August, fifth consecutive monthly rise, as oil prices slip on supply recovery expectations despite Hormuz uncertainty. China test-launches a submarine-launched ballistic missile into the South Pacific, drawing criticism from Japan, Australia, and New Zealand, raising regional tensions. NATO summit in Ankara expected to focus on Ukraine aid and defense spending, with a reported $70 billion package for Ukraine in 2026 and $140 billion over two years.
Russia-Ukraine conflict escalation
Large-scale Russian missile and drone attack on Kyiv kills at least 10-11, with Ukrainian strikes on Russian oil refinery and Crimea power grid, ahead of NATO summit.
OPEC+ agrees to 188,000 bpd output increase for August, fifth consecutive monthly rise, as oil prices slip on supply recovery expectations despite Hormuz uncertainty.
China test-launches a submarine-launched ballistic missile into the South Pacific, drawing criticism from Japan, Australia, and New Zealand, raising regional tensions.
NATO summit in Ankara expected to focus on Ukraine aid and defense spending, with a reported $70 billion package for Ukraine in 2026 and $140 billion over two years.