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Ukraine war latest: 3 Russian ships hit, 3 sailors killed in Ukrainian strike on Black Sea port, SBU source says

Key developments on March 4: * 3 Russian ships hit, 3 sailors killed in Ukrainian strike on Black Sea port, SBU source says * Russia continues to escalate drone attacks on passenger trains, railway infrastructure * Putin increases Russia's regular army personnel to nearly 2.4 million * Russian tanker on fire in Mediterranean Sea, Moscow accuses Ukraine of sea drone attack Ukrainian forces struck the Russian port of Novorossiysk, hitting the minesweeper Valentin Pikul and "severely" damagin

About Crimea

Russia invaded Ukraine's Crimean Peninsula in February 2014 amid the deadliest days of the EuroMaidan Revolution. Around 30,000 Russian troops crossed into Crimea, taking hold of the peninsula by early March 2014. Russia has continued to occupy Crimea ever since. Crimea covers an area of around 27,000 square kilometers (10,400 square miles), roughly the same size as the U.S. state of Massachusetts.

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As markets opened on March 2, Russian officials were quick to frame the escalating Middle East crisis as an economic opportunity for the Kremlin. Within hours of the first U.S. and Israeli strikes, Russian Envoy Kirill Dmitriev quickly posted on X about crude potentially hitting "$100+" per barrel. Brent crude futures on the London ICE exchange initially had risen 13.04%, peaking at $82.37 per barrel — the highest level in over a year. Prices later eased to $79.38. The spike followed Iran's M

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