Ukraine Drone Strike Halts , Russian Grain and Oil Exports.<br />Insider reports that a Ukrainian drone <br />strike near the port of Novorossiysk forced a key <br />Russian export hub to temporarily halt traffic.<br />Insider reports that a Ukrainian drone <br />strike near the port of Novorossiysk forced a key <br />Russian export hub to temporarily halt traffic.<br />While Kyiv did not officially take responsibility for the <br />attack, sources told the 'Financial Times' that the Ukrainian <br />navy assisted security forces in carrying out the attack.<br />Novorossiyk houses a Russian naval base and <br />exports approximately 600,000 barrels of oil a day. .<br />Following news of the attack, wheat futures jumped <br />up 3.5%, while Brent crude futures rose 0.6%.<br />Insider reports that the news <br />comes after a series of Russian attacks <br />on Ukraine's grain export infrastructure. .<br />Moscow is waging a battle <br />for a global catastrophe. , Volodymyr Zelensky, Ukrainian President, via Market Insider.<br />In their madness, <br />they need world food markets <br />to collapse, they need a price crisis,<br />they need disruptions in supplies, Volodymyr Zelensky, Ukrainian President, via Market Insider.<br />In their madness, <br />they need world food markets <br />to collapse, they need a price crisis,<br />they need disruptions in supplies, Volodymyr Zelensky, Ukrainian President, via Market Insider.<br />The attacks come after Russia refused to honor <br />a key grain deal with Ukraine that allowed for <br />the safe passage of 33 million tons of crops.<br />The attacks come after Russia refused to honor <br />a key grain deal with Ukraine that allowed for <br />the safe passage of 33 million tons of crops.<br />Insider reports that Ukraine's ability to carry out drone <br />strikes presents a new threat to Russia's commodity <br />exports, already impeded by price caps and sanctions.<br />According to drone-expert Stephen Wright, it is unlikely <br />that the attack will be a one-off event, as Ukraine looks to <br />ramp up attacks with bigger, more powerful sea drones
