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High Impact

500+ Drones Hit Russia, US Lets Oil Sanctions Waiver Expire

📅
🏷Markets
📰via The Guardian
✍️Edited by Luís Barata

Reports indicate that over 500 drones targeted Russia, resulting in three fatalities, amid ongoing conflict in Ukraine. Concurrently, the U.S. has allowed a waiver on sanctions against Russian oil to expire, potentially tightening the supply of Russian crude in global markets. This situation may influence risk appetite among investors, particularly in energy markets, as heightened geopolitical tensions could lead to increased volatility. The oil market, especially, could see fluctuations as traders assess the implications of reduced Russian oil supply and potential retaliatory measures. The upcoming OPEC+ meeting will be a key event to watch, as it may provide insights into production adjustments in response to these developments.

Source: Originally reported by The Guardian at May 17, 2026. Summary and market context by Trading News Terminal editorial.

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