A drone strike on the CPC terminal near Novorossiysk halted oil loading, disrupting over 1% of global supply and 80% of Kazakhstan's crude exports.

An oil tanker was hit near the CPC terminal in the Black Sea amid ongoing tensions. Shipping through the Strait of Hormuz by July 31, 2026 at 3.2% YES.

A fire broke out on board but was extinguished by the crew