# [7D] European Gas and Power Markets React to Intensified Strikes on Ukrainian and Russian Energy Facilities

*Issued Sunday, May 24, 2026 at 11:09 PM UTC — Hamer Intelligence Services Desk*

**Issued**: 2026-05-24T23:09:16.531Z (4h ago)
**Expires**: 2026-05-31T23:09:16.531Z (7d from now)
**Category**: ECONOMIC | **Confidence**: 65% | **Impact**: HIGH
**Risk Direction**: escalatory
**Affected Regions**: European Union, Ukraine, Russia
**Affected Assets**: TTF natural gas futures, European power prices, Oil product spreads linked to Russian refinery outages
**Permalink**: https://hamerintel.com/data/forecasts/10977.md
**Source**: https://hamerintel.com/forecasts

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## Prediction

Within 7 days, European gas and power markets are likely to see increased price volatility and a moderate upward drift as Russia escalates strikes on Ukrainian energy infrastructure and Ukraine sustains its UAV attacks on Russian refineries and pipelines. Even with limited direct supply impact on Europe, heightened perceptions of infrastructure vulnerability and potential transit disruptions will support higher risk premiums. Utilities and traders will accelerate hedging and storage strategies ahead of next seasonal demand peaks.

## Drivers

- Emerging trends of Russian escalation against Ukraine’s energy system
- Ukrainian institutionalization of mass UAV warfare against Russian logistics and energy
- Recent Russian hypersonic strike amplifying infrastructure risk perceptions
- EU dependence on diversified but still interconnected energy flows