Brent crude futures climbed in late trading as geopolitical risk premiums reasserted themselves following a significant escalation in the Russia-Ukraine conflict.
The price move reflects growing investor anxiety that renewed hostilities could trigger more aggressive Ukrainian strikes on Russian oil production and export facilities, potentially tightening global supply.
Ukrainian President Volodymyr Zelenskyy promised a strong response after an all-night barrage of Russian missiles and drones killed at least 25 people in Kyiv.
The attack marks a sharp intensification of Russian military activity in the capital, coming amid a period where Kyiv has been launching mass drone campaigns deep into Russian territory, specifically targeting energy infrastructure.
The market reaction underscores the persistent vulnerability of Russian energy assets to cross-border strikes.
Recent Handelsavisen coverage highlighted Ukrainian strikes on a space communications center in the Moscow region and renewed drone attacks on the capital, signaling a broadening of Kyiv’s campaign against critical Russian infrastructure.