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How are attacks on ships affecting global oil supplies?
Attacks on Russian oil vessels disrupt the flow of oil exports, which can lead to higher global oil prices and supply shortages. Since Russia is a major oil producer, any disruption in its shipping routes can have ripple effects worldwide, impacting fuel prices and energy security.
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What is Russia's shadow fleet and why is it targeted?
Russia's shadow fleet consists of unregulated vessels used to evade Western sanctions and continue oil exports. Ukraine targets these ships to cut off Russia's covert supply chains, aiming to weaken Moscow's economic resilience amid ongoing sanctions.
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Could this conflict escalate and disrupt energy markets further?
Yes, if attacks on shipping continue or intensify, they could cause significant disruptions in global energy markets. Increased tensions and maritime conflicts raise the risk of supply shortages, higher prices, and instability in energy supplies worldwide.
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Why is Ukraine attacking Russian ships now?
Ukraine's recent attacks are part of its broader strategy to weaken Russia's wartime economy by targeting energy exports. With ongoing conflict and sanctions, Kyiv is using maritime strikes as a form of economic warfare to pressure Moscow.
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What are the risks of maritime conflict in the Black Sea?
The Black Sea is a strategic and sensitive region. Increased attacks and military activity raise the risk of broader conflict, which could impact international shipping routes, global oil supplies, and regional stability.