Zelenskyy says Russia keeps striking Ukraine’s energy system despite Trump ceasefire claim

what happened

Crude futures turned higher on Monday after opening lower. Seeking Alpha reported that Ukrainian President Volodymyr Zelenskyy said Russian attacks had targeted the country’s energy infrastructure. He said a Russian jet-powered drone struck a gas production site overnight, a separate strike damaged an electricity substation and a third hit a gasoline station. Russian strikes left parts of Kyiv and other Ukrainian cities without power on Sunday night, while missile and drone attacks on Kyiv were reportedly still taking place Monday.

Zelenskyy said he had learned about President Donald Trump’s purported announcement only through the media. He said Russia carried out a deliberate strike soon after Trump’s post, while Ukraine was prepared to observe an energy truce if Moscow did likewise. Zelenskyy also said Ukraine had not attacked Russian refineries overnight, but would stop such operations only if Russia ceased targeting Ukraine’s energy network. Trump responded by criticizing Zelenskyy and suggesting that he think about leaving the Ukrainian presidency.

European diesel prices nevertheless moved lower as traders assessed Trump’s latest attempt to reduce U.S. fuel costs before the November midterm elections. Trump said he had reached an agreement with President Vladimir Putin for Russia to send over 300K metric tons of diesel to the U.S. and international markets, with an additional 500K tons scheduled for November. Saudi Arabia’s King Khalid International Airport in Riyadh came under several attacks during the weekend; one attack killed at least 12 people and wounded hundreds more. U.K. Maritime Trade Operations said a tanker was hit by a drone near Sohar, Oman, and another was damaged while crossing the Strait of Hormuz. Front-month Nymex crude and Brent both advanced 2.3% to $93.96/bbl and $107.13/bbl. Seeking Alpha says its content is for informational purposes, does not provide personalized investment advice and is not a licensed securities dealer, broker, U.S. investment adviser or investment bank.

why it matters

The reports put supply infrastructure and tanker routes back in focus, while Trump’s proposed diesel deliveries and efforts to lower U.S. fuel costs provided a counterweight for some fuel markets.

instruments