Possible scenario
Controlled Refinery Campaign
42% Chance
Kyiv continues striking Russian refining capacity while avoiding the largest export terminals and pipelines. Moscow absorbs the attacks with air-defense redeployments, rationing in some regions, and higher imports of refined products from Belarus and Asia, limiting the broader market reaction.
Initial impacts
- Market volatility Up
- Oil prices Up
Secondary impacts
- Energy +0.8%
- Consumer Cyclicals -0.3%
Tickers
- CVX+0.7%
Portfolio impact
S&P 500-0.2%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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