00:00A massive fire is burning at a major Russian oil refinery
00:03after what Ukraine's military confirms was a large-scale drone strike.
00:07The Afipsky oil refinery in Russia's Krasnodar region was hit overnight,
00:12with eyewitnesses describing thick black smoke and explosions lighting up the night sky.
00:18This is far from an isolated incident.
00:21Ukraine's general staff says Russian oil output has now fallen to a one-year low.
00:25Because of repeated strikes like this one on refineries across the country,
00:30for the global energy picture, this is yet another flashpoint at the worst possible time.
00:35Coming as American consumers are already feeling the squeeze from the separate war involving Iran.
00:41Two major energy-producing regions are now both under pressure.
00:45And analysts say that combination could keep upward pressure on fuel prices for everyone,
00:50including drivers here in the U.S.
00:52We're continuing to monitor this developing story.
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