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Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concer...
Finland’s security and intelligence service, Supo, has described the number of cable incidents in the Baltic Sea as "exceptional" in recent years, even though state actors possess far more effective means of conducting underwater sabotage than simply dragging anchors.
The Baltic Sea region has been on high alert since a series of outages—including disruptions to power cables, telecom links, and gas pipelines—began following Russia’s invasion of Ukraine in 2022. NATO has since increased its military presence in the area, deploying frigates, aircraft, and naval drones.
On Sunday, Finland released the oil tanker Eagle S, which is suspected of having damaged a Baltic Sea power cable and four data cables late last year. However, Finnish police have not yet reached definitive conclusions in several ongoing investigations.
Juha Martelius, head of Supo, emphasized that while the frequency of these incidents is notable, they are considered a secondary issue compared to the broader strategic threat in the region. “The biggest concern regarding the Baltic Sea is that Russia’s shadow fleet operates there and provides Russia with warfare capabilities by allowing Russia to sell energy to other countries,” he told Reuters. The "shadow fleet" refers to vessels used by Russia to transport oil, arms, and grains in defiance of international sanctions related to the Ukraine conflict.
In a national security review published on Tuesday, Supo noted that dozens of such vessels sail through the Gulf of Finland to Russian oil ports each week. Martelius warned that the abundance of these vessels increases the likelihood of further incidents affecting underwater critical infrastructure. He urged Western countries to take the threat seriously, stressing that state actors have significantly more effective capabilities for causing subsea destruction than by merely dragging anchors.
The ongoing investigations into these cable breaches underscore the persistent security challenges in the Baltic Sea region, as regional tensions and the potential for sabotage continue to grow.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Canada has announced nearly $20 billion in retaliatory tariffs on U.S. goods and billions in support for workers and businesses, escalating its trade dispute with Washington after President Donald Trump's latest duties took effect.
Pakistani exporters are facing soaring shipping costs to the U.S., with freight rates more than tripling on some routes as the Iran-U.S. conflict drives up war-risk insurance and fuel costs.
The trial of a Libyan man accused of building the bomb that destroyed Pan Am Flight 103 over the Scottish town of Lockerbie in 1988, killing 270 people, has been postponed by a U.S. federal judge.
France and Saudi Arabia have agreed on plans for a $7 billion manga-themed amusement complex near Paris, inspired by the hugely popular Japanese franchise Dragon Ball Z.
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