WS #10152
Ukraine launched the largest drone attack on Moscow, damaging a key oil refinery and causing fires, adding geopolitical risk to oil markets. Oil headed for a substantial weekly drop as the US-Iran interim peace deal sees Strait of Hormuz shipping return to normal, easing the global crude market's biggest supply shock. Iran has paused its 60-day negotiation process with the U.S., citing an Israeli strike in southern Lebanon as a breach, and canceled a planned trip to Switzerland, threatening the US-Iran peace deal and Strait of Hormuz reopening.
Ukraine drone strike on Moscow refinery
Ukraine launched the largest drone attack on Moscow, damaging a key oil refinery and causing fires, adding geopolitical risk to oil markets.
Oil headed for a substantial weekly drop as the US-Iran interim peace deal sees Strait of Hormuz shipping return to normal, easing the global crude market's biggest supply shock.
Iran has paused its 60-day negotiation process with the U.S., citing an Israeli strike in southern Lebanon as a breach, and canceled a planned trip to Switzerland, threatening the US-Iran peace deal and Strait of Hormuz reopening.