Ukraine’s military says it struck a Russian oil refinery in Ufa

The strike on a Russian oil refinery in Ufa by Ukraine's military signals an escalation in hostilities, which could destabilize energy markets further. Expect heightened volatility in commodities like oil and natural gas, as well as potential safe-haven flows into gold and other metals. This development will likely be scrutinized for its implications on the geopolitical landscape, especially in relation to sanctions and energy prices in Europe.