The Israel-Hamas conflict, characterized as a ‘black swan event’ in the oil market, holds the potential to propel oil prices to $150 per barrel. This possibility is rooted in the specter of regional entanglement, particularly involving Iran. Apprehensions surround Iran’s potential support for Hamas through advanced weaponry, further escalating the …
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Russian maritime rescue units were deployed early on Saturday to assist an oil tanker off the coast of Crimea. The tanker was left without propulsion after what reports said was a strike by an Ukrainian drone. “The crew is safe, there were no injuries,” a spokesperson for the Novorossiysk Marine …
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The Russian military issued a new navigational warning for the Black Sea on Wednesday, declaring certain areas in its international waters to be “temporarily unsafe” for vessels. Apart from that, the military advised seafarers against attempting to reach Ukraine’s ports, stating that all vessels heading there will be treated as …
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Kiev should provide “real guarantees” that it would not use the Black Sea corridor created as part of an Istanbul grain deal in its military activities, Russian President Vladimir Putin told Turkish President Recep Tayyip Erdogan in a phone conversation on Tuesday. The two were discussing the circumstances that could …
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Ukraine “grossly violated” the Istanbul agreement on grain exports via the Black Sea and forced Moscow to suspend it indefinitely, Russia’s envoy to the UN Vassily Nebenzia told the Security Council on Monday. The Russian Navy will inspect all cargo ships bound for Ukraine, even those unilaterally cleared by the …
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Western weapons flowing into Ukraine have begun to make their way onto black markets, Russian President Vladimir Putin said during a meeting with the heads of security and special services of the Commonwealth of Independent States (CIS) countries on Wednesday. The Russian leader called on the participants of the meeting …
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Moscow may quit the United Nations-brokered Ukrainian grain deal if its provisions on the facilitation of exports of Russian food products and fertilizers aren’t implemented, the country’s ambassador to the UN in Geneva has said. “If we see nothing is happening on the Russian side of the deal – export …
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A Ukrainian drone crashed into the headquarters of Russia’s Black Sea Fleet in the Crimean port of Sevastopol on Saturday morning, Governor Mikhail Razvozhayev has said. The low-flying UAV was spotted approaching the city from the bay, but was only shot down once it was above the headquarters. The drone …
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The Black Sea Fleet headquarters in Sevastopol, Crimea was attacked by Ukraine, Governor Mikhail Razvozhayev wrote on his Telegram channel on Sunday morning. Five people were injured in a strike presumably carried out by a drone, he added. The attack took place on Russia’s Navy Day. Razvozhayev said that all …
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Britain will not deploy warships to the Black Sea to help with the delivery of Ukrainian grain, Prime Minister Boris Johnson has said. The shipments from Ukraine, a major grain exporter, have been disrupted following Russia’s offensive against the country. Speaking in Parliament on Monday, Johnson was asked to confirm …
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