Turkey's Defense Ministry shot down an 'out of control' drone near the Black Sea coast, amid tensions related to Ukrainian attacks on Russian tankers and concerns over the regional conflict spreading, with F-16 fighter planes scrambled to intercept the drone.
Drones attacked multiple targets across Russia, including oil depots and chemical sites, causing explosions and disruptions at airports. Russia claims to have shot down numerous Ukrainian drones, amid ongoing tensions and Ukrainian strikes on Russian infrastructure affecting fuel supplies and prices.
Russia is experiencing fuel shortages, especially of gasoline grades Ai 92 and Ai 95, due to Ukrainian drone attacks on refineries and export terminals, which have reduced refining capacity and exports. Private fuel stations are hit hardest because they can't stockpile fuel amid high interest rates, while oil majors remain operational. The crisis is affecting various regions and is linked to broader geopolitical tensions and economic challenges.
Oil prices increased as traders considered potential supply disruptions from Russian sanctions and Ukrainian attacks on energy infrastructure, despite OPEC+'s move to boost production and signs of possible U.S. rate cuts, with market momentum remaining cautious.
Russian President Putin and U.S. President Trump discussed recent Ukrainian drone attacks on Russia, with Putin indicating a need to respond, and Trump noting the attacks and discussing Iran's nuclear program. The situation highlights escalating tensions and the complex dynamics between Russia, Ukraine, and the U.S.
Russian state media confirmed the replacement of Adm. Nikolay Yevmenov with Adm. Alexander Moiseyev as the acting commander in chief of the Russian Navy following successful Ukrainian attacks on the Black Sea fleet. The attacks, mainly involving underwater drones, have targeted the fleet and aim to isolate the Crimean Peninsula, posing strategic and symbolic significance. The losses prompted the Kremlin to reinforce the Black Sea Fleet, with Defense Minister Sergei Shoigu ordering increased firepower and personnel training to counter Ukrainian drones. The appointment of Moiseyev comes amid speculation about Yevmenov's future, reflecting the Kremlin's efforts to address vulnerabilities in the Black Sea Fleet.