The War on Fuel: How Ukraine's Drone Strikes Are Squeezing Global Markets The ongoing war between Russia and Ukraine has been making headlines for its brutal tactics and devastating consequences.
A lesser known aspect of this conflict is its impact on global energy markets, where a perfect storm of refining constraints and supply chain disruptions is driving up diesel prices.
Russia's oil refining infrastructure has taken a significant hit from Ukrainian drone attacks, with an estimated 40% now offline.