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The article discusses an escalation in Ukrainian attacks on Russian oil facilities, including an assault on a refinery in Moscow, and examines how this impacts global energy markets, especially amid declining oil supplies through the Strait of Hormuz due to the war with Iran. The ongoing nature of these attacks raises concerns for the Trump administration about rising fuel prices, which could influence political calculations ahead of the U.S. midterm elections—particularly as pressures on the U.S. gasoline and diesel markets increase. The report indicates that targeting Russian refining facilities complicates the market and increases countries' dependence on Russian crude oil, amid intertwined Middle Eastern supply issues, thereby raising the likelihood of sustained price increases.
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