Ukraine just launched one of its biggest drone strikes yet—1,600+ drones targeting Moscow's main oil refinery. The facility supplies over a third of the region's fuel and is now on fire.

This happened less than a week after Trump claimed both sides agreed to stop hitting energy infrastructure to help bring down diesel prices.

Oil markets open in 10 hours. If supply concerns spike, we could see crude and energy stocks react fast. Watch $XLE, refiners, and anything tied to European energy flows.

Geopolitical risk is back on the table.