Global Energy Prices Rise Amid Attacks on Ukrainian and Russian Energy Infrastructure
- Reports
- 6
- Developments
- 6
- Repetition
- 83%
New informationRepeats or wire copies
What happened
Reports emerged on June 18, 2026, detailing attacks on Ukrainian energy infrastructure and strikes against Russian energy facilities. President Volodymyr Zelensky stated that Russian strikes had left his country with virtually no intact thermal power plants. Meanwhile, Treasury Secretary Scott Bessent noted that the Russia-Ukraine war and the conflict in Iran were creating an 'energy shock' contributing to rising global energy prices.
Why it matters
Bessent explained that global conflicts, including the war in Ukraine, were creating upward price pressure on global energy markets. This pressure was compounded by the instability in the crucial oil-shipping waterway of the Strait of Hormuz, which remained volatile due to various factors.
How it developed
Newest first. Tap a step to see who reported it.- Ukrainian strikes on energy infrastructure led to surging diesel prices to record highs.Sub-event
- The Russian defense ministry announced attacks on Ukrainian energy facilities via Telegram, while Denys Shmyhal warned of Putin's intent to destroy the system.Sub-event
- Ivan Vyhivsky reports on damage caused by strikes in Ukraine.Sub-event
- Attacks on Ukrainian railway facilities are underway, which handle over 90% of Ukraine's export shipments.Sub-event
- Ukrainian attacks target a specific oil refinery in the Geran/Alabuga area, including infiltration and sabotage.Sub-event
Attacks on Ukrainian energy infrastructure and strikes against Russian energy facilities are reported.1 source