The IRGC struck Saudi Aramco’s Abqaiq facility – the world’s most important oil processing plant – with drones on Wednesday, the very day the ceasefire was announced, sparking fires visible from space in European Space Agency satellite imagery.
The attack on a plant handling roughly 7% of global oil supply was a reminder that the regime treats ceasefire announcements as tactical pauses rather than genuine commitments.
Despite this, oil markets reacted to ceasefire hopes with Brent crude posting its biggest single-day drop since April 2020, falling 13% to $94.75 a barrel – though prices remain around 30% above their pre-war levels, a lasting legacy of the regime’s five-week war on global energy.
Russian Strikes Kill 22 Hours Before Putin’s “Truce”
Russian missile and drone strikes killed at least 22 people across Ukraine on Tuesday, just hours before Vladimir Putin’s unilateral two-day Victory Day “ceasefire” was
6 May 2026
