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

The strike on a Russian oil refinery by Ukraine's military escalates the ongoing conflict, potentially affecting oil supply and pricing in the short term. This development could lead to increased volatility in energy markets, impacting commodities like WTI and natural gas, as well as currencies like the USD and EUR, particularly if it raises geopolitical tensions or sanctions. Traders should monitor how this affects risk sentiment across markets, especially in energy and safe-haven assets.