Russia's Primorsk port has reportedly lost at least 40% of its oil storage due to Ukrainian drone attacks, according to satellite images; Reservoirs at Ust-Luga port have also been hit by the drone attacks

Russia's Primorsk port suffering a loss of 40% of its oil storage due to Ukrainian drone attacks is a significant escalation in tensions and illustrates the ongoing conflict's impact on energy supplies. This disruption could lead to tighter oil markets and increased volatility in prices, particularly affecting commodities like oil and potentially strengthening safe havens like gold and the USD. Traders should monitor how this development plays into energy markets and the broader geopolitical landscape.