Caolan Robertson

This has been one of the worst weeks for Russia’s oil industry since the full-scale invasion.
Even Reuters are now reporting serious disruption after strikes hit key Baltic export ports like Primorsk and Ust-Luga, which are absolutely critical for getting Russian oil out to sea.

And timing is everything here.

Oil prices have been rising because of the war in Iran, which should have been a moment for Russia to cash in and make more money from exports.

Instead, Ukraine has hit the infrastructure that actually allows that oil to leave the country.

So even if the damage isn’t permanent, the impact is immediate. Russia relies heavily on oil and gas for its state revenue, and any slowdown hits them straight away.

It also comes at a moment where global markets are already unstable, which makes it much harder to pin rising prices on Ukraine.

So this isn’t random. This is targeted pressure at exactly the moment it hurts most.

In this video, I sit down with Jake Broe, who always has really sharp insight into both the U.S. and Russia, and we talk through what this actually means, what’s happening behind the scenes, and where this could all go next.

Hope you enjoy it.!