Ukraine Launches Massive Drone Attack on Moscow Oil Refinery

The Ukraine-Russia conflict escalated on Sunday as Ukraine launched a massive drone and missile attack on Moscow, targeting the city's main oil refinery and residential areas. According to Russian officials, 450 drones were headed towards the capital, causing widespread air defense activity and damage in the surrounding region.

Moscow Mayor Sergei Sobyanin confirmed that the city's main oil refinery was hit, while Ukrainian President Volodymyr Zelensky stated that Kyiv had struck a 'key' Russian oil facility and logistics site. The attack is seen as a significant blow to Russia's war efforts, with billions of dollars in damage estimated.

The market reaction has been mixed, with the West Texas Intermediate (WTI) crude oil price dipping 1.74% on Sunday to $93.60 per barrel. European intelligence officials have raised concerns about an imminent Russian test of NATO, predicting that a potential attack could come within 'months, not years'.