The US has urged Ukraine to halt attacks on Russia’s energy infrastructure, warning that the drone strikes risk driving up global oil prices and provoking retaliation, according to three people familiar with the discussions. […]

One person said that the White House had grown increasingly frustrated by brazen Ukrainian drone attacks that have struck oil refineries, terminals, depots and storage facilities across western Russia, hurting its oil production capacity.

Russia remains one of the world’s most important energy exporters despite western sanctions on its oil and gas sector. Oil prices have risen about 15 per cent this year, to $85 a barrel, pushing up fuel costs just as US President Joe Biden begins his campaign for re-election.

Un-paywalled link: https://archive.ph/wv1Y3

  • MxM111@kbin.social
    link
    fedilink
    arrow-up
    4
    ·
    8 months ago

    I guess the point is that this might be counterproductive - the panic on the market may drive the oil price so that the overall it is positive to Russia’s war effort.