WS #15537
Ukrainian drones successfully struck Russia's largest oil refinery in Omsk, penetrating deep air defenses and destroying critical energy infrastructure. This escalation, combined with Houthi warnings to target Saudi energy facilities, has pushed Brent crude past $100. The market is pricing in a sustained supply shock, benefiting energy producers but threatening global logistics and consumer costs.
Energy Supply Shock & Geopolitics
Ukrainian drones successfully struck Russia's largest oil refinery in Omsk, penetrating deep air defenses and destroying critical energy infrastructure. This escalation, combined with Houthi warnings to target Saudi energy facilities, has pushed Brent crude past $100. The market is pricing in a sustained supply shock, benefiting energy producers but threatening global logistics and consumer costs.