Ukraine has reportedly hit the Russian Kirishi oil refinery (355k-400k BPD), reports suggest

The reported strike on the Russian Kirishi oil refinery highlights escalating tensions in the region, which could increase supply-side risks in energy markets. This incident may drive up oil prices and bolster safe-haven assets like gold, while potentially leading to volatility in currencies, particularly those closely tied to commodities. Traders should assess how this alters the geopolitical landscape and impacts energy security in Europe.