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October 18, 2026

Ukraine's drone swarm attack on St Petersburg strikes Russian energy infrastructure, tightening global oil supply as dual conflict zones disrupt production and shipping.

  • Brent crude holds near $109 as Ukrainian strikes on energy sites combine with Middle East tanker attacks to constrain physical oil markets from both production and transport.
  • Trump halts Russia sanctions to preserve peace talks, removing downside risk for Russian commodities and the ruble while reducing geopolitical friction premium on energy.
  • Three tankers catch fire near Hormuz Strait as Israeli settler violence escalates regional tensions, raising maritime security concerns and upward pressure on crude through supply-chain risk.
  • French school protests expand into broader political upheaval with property damage and retail looting, disrupting Paris commercial activity and consumer foot traffic in affected zones.

AI-assisted summary of reported news, for information only. Not investment advice.

91 events91 MEDIUM

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