[Right: Video in English. Below: Arabic version]
The US administration asserts that Kyiv’s drone strikes on Russian refineries threaten to cause higher oil prices. However, as I have argued since early-mid-March (Kyiv Post, USA press, USA press, Polish press), this is not logical (to first order). What undoubtedly alarms DC is that Kyiv has demonstrated that – if it chose to – it could also disrupt the three big Russian westward-facing oil-ports that handle 60% of Russian exports to the global oil market, undoubtedly causing a global oil-price shock. But, fear of such a shock might be overblown. [1]
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The Global Barrel 