Ukraine President Zelensky says Ukraine is working on underwater drones and drones capable of operating in the ocean
- Have cut about 1 point of capacity for May–June, evaluating further reductions due to high fuel prices.
- Have about a USD 400mln headwind in the quarter due to fuel.
Context
Ukraine's continued development of underwater and ocean-capable drones signals an escalation in military capabilities, potentially heightening tensions in the region. This advancement could have implications for defense contractors and energy markets, as increased maritime operations may affect energy transit routes and security dynamics in the Black Sea. Watch for market reactions in commodities and regional currencies as the situation evolves.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#GEOPOLITICAL#EU SESSION#US SESSION