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A series of military attacks have been carried out in the war zone between Ukraine and Russia, targeting oil facilities and energy supply lines. In Ukraine, Russian drones targeted fuel stations and an oil refinery, aiming to reduce Moscow’s ability to refine oil and to cut the financial support for the war. In response, Ukraine launched attacks on Russian oil facilities, including a refinery in Tatarstan. These attacks come amid concerns over escalating conflict and its impact on oil supplies and global fuel prices, which have reached record levels—especially given tensions in the Strait of Hormuz, wars in the Middle East and Ukraine, and their effects on oil markets. Diesel prices have surged by more than 55%.
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