Russian Oil Producers Threaten Force Majeure Over Baltic Port Attacks

Russian oil producers have warned buyers they could declare force majeure on supplies from major Baltic Sea ports as Ukraine presses ahead with attacks on Russian energy infrastructure, two industry sources said on Friday.Ukrainian President Volodymyr Zelenskiy told Reuters this week that Kyiv was using long-range strikes to maintain pressure on Russia after international oil sanctions on Moscow were eased due to global supply disruptions caused by the Iran war.Ukrainian drones on Friday targeted the port in Ust-Luga, where a fire caused by a previous strike on Wednesday was still raging, the