Russia Says Ukraine Struck Two Refineries in Saratov and Ryazan

Strikes on refineries deep inside Russia, acknowledged at deputy prime minister level, point to a campaign aimed at downstream processing rather than export terminals — a distinction that matters for product markets more than crude flows. Novak's parallel claim that Kyiv shows no sign of moving toward an energy ceasefire effectively closes the door on the narrowest form of de-escalation that had been floated. The open question is whether this targeting pattern persists and whether it draws a reciprocal response against Ukrainian energy infrastructure, which would keep product cracks and regional diesel supply the places to watch.