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Tue, Jul 21, 2026 · 24 stories · Confirmed · Subscribe
WorldMarkets

Kremlin Accuses Ukraine Of Targeting Caspian Pipeline To Shake Oil Markets

Drones set the tanker Asia ablaze and struck Nissos IOS off Novorossiysk Sunday, halting CPC's oil loading pending assessment.

  • CPC's pipeline runs more than 930 miles, carrying most of Kazakhstan's oil exports to world markets.
  • Kazakhstan's Foreign Ministry condemned the strike and reserved the right to seek compensation under international law.
  • A prior strike on the same terminal in November 2025 also knocked CPC offline temporarily.

Why it matters: The pipeline carries Kazakhstan's oil across Russian soil; Kazakhstan absorbs more of this strike's cost than Russia does.

ZeroHedge, citing Russian Foreign Ministry spokeswoman Maria Zakharova via TASS ↗ · Jul 21, 20267/21/26 · ✓ Checked✓ Check