Brent crude futures climbed in early European trading as fresh reports of a ballistic missile attack on Kiev coincided with news of a strike on a Russian oil refinery.
The Ukrainian military confirmed the attack on the capital early Sunday, marking a significant escalation in aerial bombardment against the city.
Simultaneously, reports emerged that a key Russian processing facility had been hit, compounding concerns over supply chain integrity in the region.
The dual-front escalation underscores the persistent risk to global energy infrastructure.
While the immediate physical impact on output remains unclear, the market is repricing the probability of sustained disruption.
This follows a pattern of reciprocal strikes, including Ukraine’s recent targeting of a major natural gas complex near the Kazakhstan border and previous massive Russian air strikes on Kyiv that left hundreds of thousands without power.