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Russia and Ukraine trade heaviest strikes in months, raising escalation fears
The intensified fighting is reviving concerns about possible disruption to oil supplies as escalation risks grow.
Russia and Ukraine traded their heaviest strikes in months, according to CNBC, intensifying fears of a broader escalation.
CNBC also noted that a NATO military chief warned Moscow that an attack on the Baltics could lead to major losses, underscoring the risk that the conflict could widen.
Market watchers cited by CNBC said the heightened violence is adding to uncertainty around oil supplies, a key variable for energy prices and broader market sentiment.
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