WS #11362
Ukraine confirmed drone strikes on St. Petersburg oil terminal and Kronstadt naval base, with 72 drones shot down, escalating the energy war and causing fuel shortages in Russia. UK and France agree with Oman to ensure safe navigation in Strait of Hormuz, deploying mine countermeasures, countering oil supply disruption fears and reducing geopolitical risk premium. Oil set for fourth straight weekly loss as Hormuz flows return and US-Iran talks progress, with Brent at $71.54 and WTI at $68.50, ahead of expected OPEC+ production increase.
Ukraine Drone Strike on St. Petersburg Oil Infrastructure
Ukraine confirmed drone strikes on St. Petersburg oil terminal and Kronstadt naval base, with 72 drones shot down, escalating the energy war and causing fuel shortages in Russia.
UK and France agree with Oman to ensure safe navigation in Strait of Hormuz, deploying mine countermeasures, countering oil supply disruption fears and reducing geopolitical risk premium.
Oil set for fourth straight weekly loss as Hormuz flows return and US-Iran talks progress, with Brent at $71.54 and WTI at $68.50, ahead of expected OPEC+ production increase.