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Ukrainian Drones Strike Key Russian Oil Port, Prices Surge

4/2/2026

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Story summary
  • On March 29, 2026, Ukrainian drones attacked Russia's Ust-Luga port, a petroleum export hub.
  • The attack sparked a fire that firefighters later controlled.
  • The governor of Leningrad region said 31 drones were shot down, with no casualties.
  • Ukraine's Security Service (SBU) said the strike caused serious damage to the port, which handles about 700,000 barrels of oil exports daily; oil prices rose above $100 per barrel amid the Iran war.