Oil prices slip further as markets await clarity on Iran ceasefire deal
Oil prices edged lower on Tuesday (16 June) as traders assessed the possibility of oil supplies returning through the Strait of Hormuz following a pre...
Ukraine has said it struck an oil refinery in Russia’s Moscow region, marking one of the deepest reported attacks into Russian territory in recent months.
Ukrainian President Volodymyr Zelenskyy said the target was hit at a distance of around 500 kilometres, highlighting what he described as the reach of Ukraine’s long-range capabilities.
“This time, the Moscow region felt the reach of Ukraine’s long-range capabilities. An oil refinery was hit at a distance of 500 kilometres,” Volodymyr Zelenskyy said in a post on X.
He added that the strike was carried out by multiple branches of Ukraine’s security and defence forces, including the Security Service of Ukraine, special operations units and missile forces.
Volodymyr Zelenskyy said the attack was intended as retaliation for Russian military actions and part of a wider effort to increase pressure on Moscow.
“This is a just response to Russian strikes and to the dragging out of a war that must be ended,” he said.
He also argued that such operations form part of a broader strategy to force Russia towards ending the conflict.
“Russia must be forced to end its war against our people. And Ukraine’s long-range weapons are one of the important components of such pressure,” he added.
Separately, Russian authorities reported a fire at an oil storage facility in the village of Poltavskaya in the Krasnodar region, which they said was caused by falling drone debris.
Local officials said the fire has since been extinguished. No further details were immediately provided about the extent of the damage or any casualties.
The incidents come amid an intensifying pattern of cross-border strikes, with both sides increasingly relying on drones and long-range weapons to target energy and military infrastructure. G7 leaders, meeting in France, are discussing how to end the war between the two.
Ukraine has repeatedly focused on oil and energy facilities inside Russia, aiming to disrupt supply chains and apply economic pressure, while Moscow continues large-scale strikes on Ukrainian cities and infrastructure.
The reported strike near Moscow underscores how the conflict has expanded beyond front-line regions, bringing the effects of the war closer to Russia’s political and economic centres.
While Ukraine frames such operations as necessary responses, they also reflect a broader escalation in tactics, raising questions about how the conflict may evolve in the coming months.
Independent verification of strikes inside Russia remains limited, with both sides often releasing partial information about the scale and impact of attacks, making it difficult to assess the full extent of damage.
Details of a reported draft memorandum of understanding between the United States and Iran offer the clearest picture yet of how both sides plan to end months of conflict and move towards a longer-term settlement.
The U.S. and Iran say they have reached a deal to end their conflict, with an immediate ceasefire and reopening of the Strait of Hormuz after the lifting of the U.S. naval blockade. Talks will continue over the next 60 days to finalise the agreement
A senior U.S. official said on Monday that the memorandum of understanding linked to the U.S.-Iran agreement had been signed by President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf.
Israeli Prime Minister Benjamin Netanyahu has told U.S. President Donald Trump that Israel does not consider itself bound by a Lebanon-related provision in an emerging agreement with Iran, according to Israeli officials.
Switzerland on Sunday rejected a referendum proposal to cap its population at 10 million, a projection showed, as voters prioritised economic stability and the country's ties with the European Union over immigration concerns.
The United Kingdom has imposed a new wave of sanctions on Russia, targeting key financial institutions, logistics networks and vessels accused of helping Moscow sustain its war in Ukraine.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, according to the United States Geological Survey (USGS).
A Chinese-linked hacking group secretly stole data from academic, medical and military research institutions in the U.S. and Canada for more than a year before being discovered, according to a report published by Google on Monday.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 16 June, covering the latest developments you need to know.
European leaders will warn U.S. President Donald Trump at Tuesday’s G7 summit that a superficial interim Iran deal risks entrenching Tehran's nuclear and ballistic missile programmes, while also pressing him to rethink his Ukraine strategy.
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