Drone Attacks Disrupt Russian Oil Exports

Oil loadings in Russia's Ust-Luga port resumed after a drone attack alert was lifted, yet Primorsk remains closed following strikes. Both ports are crucial outlets for Russian oil exports, which were suspended due to attacks, exacerbating shortages caused by the closure of the Strait of Hormuz.

Russia's Ust-Luga port has restarted oil loadings as the alert issued for drone attacks was lifted, according to informed sources. However, the neighboring port of Primorsk remains closed following aerial strikes. These ports, crucial for Russia's petroleum exports, halted operations earlier due to drone attacks.

The suspension highlights global supply issues intensified by Tehran's decision to close the Strait of Hormuz amid the U.S.-Israeli conflict with Iran. Alexander Drozdenko, Leningrad's governor, reported fires at fuel reservoirs in Primorsk post-drone attacks but omitted details on export suspensions.

Ust-Luga's possible damages remain unconfirmed, and Russia's pipeline operator Transneft has not commented. The disruption at Primorsk affects its substantial daily crude output, as last year's exports reached 16.8 million tons. Ust-Luga exported 32.9 million tons during the same period. Recent escalations in drone strikes threaten major Russian export facilities, complicating the geopolitical landscape further.

(With inputs from agencies.)