WS #11565
Ukraine struck Russia's largest oil refinery (Omsk) in deepest drone strike; Saudi Arabia slashed prices and Hormuz traffic picked up, signaling easing oil supply disruption; oil prices edged lower (WTI -0.2%). China launched a nuclear-capable ballistic missile into the Pacific; US State Dept urged arms control discussions; no immediate market impact but raises geopolitical risk.
Geopolitical / Oil Supply Dynamics
Ukraine struck Russia's largest oil refinery (Omsk) in deepest drone strike; Saudi Arabia slashed prices and Hormuz traffic picked up, signaling easing oil supply disruption; oil prices edged lower (WTI -0.2%).
China launched a nuclear-capable ballistic missile into the Pacific; US State Dept urged arms control discussions; no immediate market impact but raises geopolitical risk.