Russia threatens Europe as Ukraine escalates strikes on Putin’s oil industry
Ukrainian drone units have focused their attention on the Baltic Sea and Black Sea ports that Russia relies on to load oil for shipment. This reflects Kyiv’s determination to deny Putin a windfall as global oil prices surge amid the US-Israeli war against Iran. Prior to the outbreak hostilities in the Middle East, the Russian economy was widely thought to be under severe strain. During the first two months of 2026, oil and gas revenues plummeted by 47 percent, while mounting sanctions pressures and runaway defense spending were taking a heavy toll.
It's definitely looking more & more like WWIII and less & less like regional conflicts. Really, about all it would take now to make it official is for the Chinese to move on Taiwan, although you could say they already have with their blockade in the south China Sea.
Unfortunately, if the agricultural yields this year come in as low as likely from lack of fertilizer, I wouldn't be surprised if somebody doesn't blow off a nuke sometime next year.
The rubber meets the road on the Collapse Highway.
RE