Drone Strike Hits Ust-Luga Port, Russia's Key Baltic Oil Export Terminal
🔥 BALTIC — Russia's largest oil export port burning while Hormuz is already constrained. 📌 LOOK CLOSER: Ust-Luga handles roughly 30M tons of oil products annually, primarily to European buyers still sourcing Russian fuel via workarounds. A sustained fire disrupts Baltic loadings precisely when Hormuz stress already limits global supply optionality. For European refiners, two chokepoints under pressure simultaneously tightens the margin for energy substitution heading into winter.
