International

Ukraine conducts strikes on two Russian oil refineries

PBS · July 29, 2026Original source ↗

What happened

Ukrainian forces targeted two major oil refineries in Russia during overnight operations. This action follows a meeting between Ukrainian President Volodymyr Zelenskyy and former U.S. President Donald Trump.

Why it matters

This event underscores the ongoing military conflict between Ukraine and Russia and its implications for global energy markets.

Who feels this

If you rent your home

Higher energy prices could lead to increased living costs, affecting your monthly rent as landlords may pass on these expenses.

If you are a small business owner

Rising fuel prices could increase operational costs, impacting your business's profitability and potentially leading to higher prices for consumers.

If you are a saver or investor

Fluctuations in global energy markets due to military actions may affect investment portfolios, particularly those linked to energy stocks and commodities.

What does this mean for YOU, specifically?

Ripple builds a profile of your life — your career, your city, your family — and tells you how each story hits it. The analysis above is generic; yours won't be.

Get your Ripple