Ukraine halts drone strikes on oil tankers

The Financial Times reported that Ukraine has suspended its drone attacks on oil tankers at the Russian port of Novorossiysk on the Black Sea, in response to a request from U.S. Vice President J.D. Vance, aimed at maintaining oil market stability and minimizing harm to American companies. This comes after American warnings to Ukraine not to target non-Russian ships or infrastructure related to the Caspian Sea pipeline, which is considered an alternative to Russian supplies. The recent escalation in the Black Sea has led to the stoppage of up to one-fifth of oil loading operations through the Caspian Sea pipeline in July, with Kazakhstan's oil production decreasing by 14%. Meanwhile, Ukrainian forces continue to target Russian infrastructure to fund their military efforts.

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