Russia has increased production of its Su-34s—and has repeatedly touted the deliveries of additional aircraft to its Air Force.

The "Zapad-2025" joint military exercise is expected to involve Russia-made hypersonic missiles and the simulated use of nuclear weapons.

At least seven people, including two children, were killed by a Russian drone strike in the northeastern Ukrainian city of Kharkiv on Sunday night.

Russia has sought to free itself from intermediate-ranged ballistic missile restrictions, causing consternation in the West.

President Trump spoke with reporters while aboard Air Force One ahead of his summit in Alaska with Russian President Vladimir Putin, doubling down that there will be "very severe" consequences for Russia if a peace deal is not reached with Ukraine.

However, President Trump rules out putting U.S. troops on the ground if a deal is reached with Moscow to halt the war.

Prices have seen a hike of up to 2.2% in just 24 hours and have skyrocketed 38% and 49% respctively so far this year. Ukraine has struck multiple refineries since the beginning of August, damaging Rosneft's plants in Novokuybyshevsk and Saratov,