Ukraine Drone Strike Ignites Major Fire at Russian Oil Refinery
π₯ ENERGY WAR β Moscow's refineries burn while Gulf crude is already in shortage. π LOOK CLOSER: Ukrainian deep-strike drones hitting Russian refinery infrastructure compounds a global refined product crunch already strained by Hormuz running at 10% capacity. Russia is a key alternative supply node β its refinery disruptions tighten European and Asian product markets simultaneously. India, currently absorbing Russian crude to offset Gulf losses, faces upstream pressure if Moscow's processing capacity degrades further.
