A recent drone attack on a Russian pipeline could impact the global oil market. According to Dmitry Medvedev, Deputy Chairman of Russia’s Security Council, Ukrainian drones targeted a pipeline that transports around 1% of the world’s crude supply.

The attack struck the Kropotkinskaya station, a key pumping facility of the Caspian Pipeline Consortium (CPC) in Russia’s Krasnodar region.

The CPC confirmed that the pumping station was taken offline, leading to reduced oil flow through the Tengiz-Novorossiysk pipeline. However, they did not directly name Ukraine as the attacker.

Medvedev warned that damage to the CPC pipeline could cause oil price spikes and negatively affect U.S. companies.

He claimed that Ukraine’s attack on a pipeline partly owned by American firms was a challenge to U.S. President Donald Trump, who supports lower oil prices.

An official from Ukraine’s security service confirmed that Ukrainian forces used drones to hit the pumping station and the nearby Ilsky oil refinery.

The CPC pipeline carries oil from Kazakhstan and Russia to the Black Sea, where it is shipped worldwide. Disruptions in its operation could lead to higher oil prices and market instability. It remains to be seen how global leaders will respond to this situation.