Ukrainian President Zelensky says updated Intelligence shows Russia is preparing a 'massive attack'; much depends on reaction of world leaders who 'have the defensive capabilities we need and can provide them to US

Warnings of this kind from Kyiv have historically served a dual purpose: signalling an actual operational read and pressing allies for accelerated air-defence and munitions deliveries ahead of a strike window, and the two are rarely separable. Episodes flagged as imminent large-scale attacks have tended to produce short-lived haven bids in gold, the franc and the yen and a firmer tone in European gas and crude, with the durability of the move depending on whether the strike materialises and on what it targets: energy infrastructure carries a direct commodity transmission, while strikes on cities move risk sentiment without a physical channel. The load-bearing phrase is the appeal for defensive capabilities, which puts the focus on allied response times and any fresh supply announcements from Washington and European capitals rather than on the warning itself. Worth watching is whether Western officials corroborate the intelligence assessment, since public endorsement has historically preceded both new aid packages and, on occasion, sanctions or export-control follow-ons. Absent confirmation or an actual strike, precedent is for the initial risk premium to fade within sessions.