WASHINGTON—Ukraine’s weekend attacks against military airfields deep inside Russia signal the long-stalemated war is entering a perilous phase, with both sides seemingly intent on escalation and prospects for a U.

Delegations from Ukraine and Russia held their second set of direct peace talks in less than a month, but they didn't make any major progress toward ending the three-year-long conflict. FOX's Mike Emanuel reports.

It started with a daring Ukrainian drone attack on airfields stretching from Siberia in the east to Murmansk in the north that Ukraine claims destroyed 41 large planes, or about one-third of Russia’s strategic bomber fleet.

Ukraine will have to withdraw troops, ensure no foreign military presence, cancel martial law, hold elections within 100 days of truce - Anadolu Ajansı

Asian shares have fallen and oil prices jumped as trade tensions and the Russian-Ukraine conflict ratcheted up geopolitical uncertainty.

Global shares have fallen and oil prices jumped as trade tensions and the Russian-Ukraine conflict ratcheted up geopolitical uncertainty.

Ukraine’s daring strike on Russian bombers far from the frontlines highlights the dominance of drones, as the tech grows ever more deadly.

After closing out its best month since 2023, Wall Street opened with losses on Monday as the Russia-Ukraine conflict escalated over the weekend, contributing to broader market anxiety and a jump in oil prices.