Drone Hits on Russia Ports Put Indian Refining at Risk, IEA Says

The International Energy Agency warns that Ukraine's drone strikes on Russian oil-export outlets may disrupt India's crude-refining operations, potentially impacting global oil prices and refining stocks. This development could lead to a rise in crude oil prices, affecting refining margins and stock prices of companies like Reliance Industries (RIGD) and Indian Oil Corporation (IOCL). The disruption may also influence the price of refined products, such as gasoline and diesel, in the global market.