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How does war affect oil?

Conflict can significantly impact global energy markets, especially for major producers like Russia. The story mentions a 7.7% fall in Russia's crude oil production over a year, directly linked to deep strikes from Ukrainian drones. This demonstrates how military actions can disrupt infrastructure, reduce output, and have tangible economic consequences for the nations involved.

Stories that explain this

Ukraine and Russia escalate long-range drone attacks

Related explainers

What are 'deep strikes'? What is drone warfare? What are FP-2 drones? How does global oil affect us? How does the Iran war affect us? How does oil affect markets? Why does oil affect the UK? Why do oil prices affect everyone?

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