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Impact of energy infrastructure attacks on global fuel

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2026-09-04 22:09 UTC → 2026-09-05 18:35 UTC · added ~~removed~~

U.S. Treasury Secretary Scott Bessent has warned that Ukrainian attacks on Russian energy infrastructure and refineries are causing an ‘energy shock’ and exerting pressure on global fuel prices. Following these strikes, Russian President Vladimir Putin ordered large-scale counterattacks against Ukrainian energy facilities using drones and long-range precision weaponry. In recent comments to Fox News, Bessent attributed global energy market volatility and rising fuel prices to these Ukrainian strikes, noting that the situation is further compounded by ongoing conflicts in Iran. As market instability continues, with Brent crude oil trading at approximately $97 per barrel and U.S. oil prices approaching record levels, Bessent defended his decision to engage in bilateral communications with Russian officials. ~~Speaking at~~ Following a meeting with Russian Finance Minister Anton Siluanov during a G20 summit, ~~he argued~~ Bessent faced criticism from some European allies. He defended the engagement, arguing that direct involvement is necessary for conflict resolution, stating, ‘If the parties do not speak and if we are not involved, how can the conflict be resolved?’

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