Ukraine Drone Strikes Spark Russia Fuel Crisis

Russia is experiencing a severe gasoline shortage after a month-long campaign of Ukrainian drone strikes on its oil refineries.

Trading data shows sharp increases in fuel prices as supply dwindles, and authorities have been reluctant to reveal the full scale of the damage.

The crisis has caused long lines at filling stations and threatens to disrupt broader economic activity.

The shadow fleet losses, combined with refinery damage, have severely crimped Russia's ability to export and process oil.