Separate from the Middle East crisis but intimately connected to global energy markets, Ukraine has intensified attacks on Russian oil terminals, according to Der Spiegel. Kyiv’s strategy targets Russia’s oil industry to prevent Moscow from profiting from the surge in world market prices driven by the Hormuz blockade. Ukrainian forces are reportedly deploying sophisticated new technical innovations in these strikes — a reminder that the two major energy-related conflicts on the world stage are feeding off each other in dangerous ways.
Walter Murrow
April 10, 2026
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