War

KYIV, May 30 (Reuters) – Ukraine needs an initial 500 million euros ($566 million) to rebuild the most important infrastructure facilities at its Black Sea ports destroyed by constant Russian missile and drone attacks, a government minister said on Friday.

Almost 400 port infrastructure facilities have been damaged as a result of Russian attacks during more than three years of war. Seaports are critical for Ukraine, which ships more than 90% of its exports by sea.

“The main critical infrastructure facilities for ports and shipping that we have already lost have been identified … and now we have to restore them,” Andriy Kashuba, deputy minister of territorial development, told the Black Sea Security Forum in Odesa.

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Jun 13, 2025 (Bloomberg) —Israel’s airstrikes on Iran have led to increased jamming of the signals of vessels operating in the Middle East, the world’s largest oil producing region, a multinational naval force protecting maritime trade said.

Investors and traders are monitoring how Iran will respond after Israel attacked nuclear and military targets across the Persian Gulf country on Friday. 

While most attention has focused on whether Tehran might try to close the Strait of Hormuz chokepoint — through which a swath of the world’s oil flows — the notice serves as a reminder of the potential for wider disruption to merchant trade.

“Marine operators have reported significant electronic interference in the region,” a notice from the Joint Maritime Information Center said. 

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