Moscow suffers the "largest-scale attack," Ukraine "hits important Russian oil industry facilities," and the global "refinery crisis" intensifies
Ukrainian drones launched the largest airstrike on Moscow, causing one of Russia's largest oil refining companies to come to a standstill. The global diesel market responded urgently—U.S. crack spreads soared to a historic peak of $117 per barrel, with retail prices surpassing $6.45 per gallon. Meanwhile, the U.S. Congress is fiercely debating an export ban, and analysts warn that this move will not only fail to save domestic oil prices but will also trigger a rupture in the global energy chain.
