Russia says nearly 900 Ukrainian drones downed, Moscow region fuel depot reportedly burns

Russia's Defence Ministry reported that nearly 900 Ukrainian drones were downed overnight, as air defences intercepted them. This escalation in drone attacks indicates a significant increase in Ukraine's military efforts to target Russian infrastructure, including oil refineries. The ongoing conflict and retaliatory strikes are likely to impact global oil markets, potentially leading to price volatility.

Why it matters

Russia has downed nearly 900 Ukrainian drones, and Ukraine continues to target Russian oil refineries. This escalation of the conflict may lead to increased tensions and market volatility.

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