Ukraine's military says it struck a Russian oil refinery in Krasnodar region

Ukraine's military says it struck a Russian oil refinery in Krasnodar region.

This military strike by Ukraine on a Russian oil refinery is likely to heighten geopolitical tensions, which could influence energy prices, particularly oil and gas. The implications for commodity markets are significant, as any escalation in conflict typically leads to risk-off sentiment that drives traders towards safe havens like gold and avoids riskier assets. Additionally, the stability of energy supplies may be questioned, affecting currencies linked to these commodities.