Ukraine ramps up strikes on Russian oil infrastructure

Ukrainian drones and missile strikes have hit Russian refineries, pipelines and Black Sea port facilities, including an attack that sparked a fire at the Caspian Pipeline Consortium marine terminal in southern Russia. The campaign aims to blunt a windfall Moscow is receiving from higher oil prices tied to the Persian Gulf conflict. By damaging refining and export capacity, the strikes reduce Moscow's ability to convert crude into saleable fuel and to ship it overseas, cutting a major revenue stream for the war effort. The operations raise global oil price pressure and increase the risk of military escalation or reprisals that could widen the conflict.