Ukrainian Drone Attacks Target Russian Baltic Oil Ports for Third Day

Ukraine has intensified its drone campaign against Russia's primary Baltic Sea oil export hubs, targeting the Primorsk and Ust-Luga ports for the third consecutive day. NASA satellite imagery confirmed significant fires at these vital facilities, which serve as critical infrastructure for Russian crude exports. These strategic strikes aim to degrade Russia's energy infrastructure and limit its ability to profit from global energy markets during the ongoing conflict. This escalation occurs at a sensitive time, following recent moves by the United States to temporarily ease sanctions on Russian oil to maintain market stability. Market analysts suggest that the sustained nature of these attacks adds a substantial risk premium to global oil prices, supporting a bullish outlook for Brent and WTI. Furthermore, the disruption threatens to tighten global supply further, especially as these ports were expected to mitigate shortages caused by other geopolitical tensions.