Ukraine’s latest strike targeted Novorossiysk, home to a key naval base and one of Russia’s most important Black Sea ports. Yet the attack appears to have avoided oil infrastructure linked to the Caspian Pipeline Consortium. We examine how energy security, global oil prices and US interests may be shaping the limits of Ukraine’s campaign against Russian infrastructure with Christof Rühl of Columbia University’s Center on Global Energy Policy.
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0:00 Ukraine strikes Russia’s Novorossiysk naval base
1:16 Novorossiysk serves as a major oil transit hub
2:22 Ukraine avoids oil facilities, respecting U.S. red line
3:19 Most oil in the Novorossiysk pipeline comes from Kazakhstan
4:12 A strike on oil infrastructure could tighten global oil supplies
5:32 Ukraine targets Russian refineries to cut domestic fuel supply
6:25 Russia exports fewer refined oil products
7:41 Ukraine faces a dilemma: weaken Russia or disrupt global oil markets?
8:48 Ukraine conducts precision strikes on military targets in Novorossiysk
9:38 Developments in Iran add to the equation
10:37 Ukraine must weigh global economic impacts in its attacks
13:00 Oil markets and geopolitics hint at potential consequences of a strike
13:55 Ukraine would have greater freedom to strike without the Strait of Hormuz factor
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