The Novorossiysk oil terminal, a key hub for Russian crude exports, has resumed operations following an attack by Ukrainian forces. The terminal, which handles a significant portion of Russia’s crude oil exports, experienced disruptions after the attack, prompting concerns over the long-term impact on energy supply chains. Oil prices dipped slightly in response to the incident, as investors weighed the potential for further disruptions in the region.
Analysts are closely monitoring the situation to assess how the attack might affect Russia’s ability to export crude oil, which could have broader implications for global markets. The incident highlights the ongoing volatility in energy markets amid geopolitical tensions. While the terminal has started to operate again, the extent of the damage and the time required for full recovery remain uncertain, adding to market uncertainty.