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The Latest Breaking News from Black Sea

Surge in Black Sea attacks adds to strain on global commodity flows

Attacks on Black Sea shipping routes are disrupting global grain and oil supplies. Ukraine and Russia have intensified strikes on each other's export facilities and vessels. This escalation adds pressure to commodity markets already facing Middle East disruptions. Shipping costs and war insurance premiums have significantly increased due to rising…

The Economic Times

'Extremely hazardous': Seafarers’ union urges PM Modi to deploy Navy after Indian vessel sinks

The Forward Seamen’s Union of India (FSUI) has urged Prime Minister Narendra Modi to deploy Indian Navy assets to protect Indian-flagged vessels and seafarers in the Red Sea, Black Sea and Strait of Hormuz. The union warned that escalating regional conflicts have turned commercial shipping routes into “active danger zones”.

The Times of India

The real worry for Ukraine’s allies as beach strike on Russian civilians marks a shift in the war

ANALYSIS: Kyiv has not yet acknowledged killing Russian civilians on a Black Sea beach, but as it strikes deeper at Moscow, these tragedies will multiply – and that’s not the only worry, explains world affairs editor Sam Kiley

The Independent UK

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Turkish foreign ministry denounces attacks on two civilian cargo ships in Black Sea

At the end of May, Turkey had warned of an "uncontrolled escalation" in the Black Sea region after a drone attack on a Turkish cargo ship.

Euronews

Russian civilians killed in Crimea as Ukraine war takes its toll on Black Sea shores

Four people, including three civilians, were killed by an unidentified Russian soldier in the Black Sea city of Sevastopol in Russian-annexed Crimea, officials said Tuesday. The deadly shooting comes a day after six civilians, including three children, were killed in a Ukrainian drone attack on the beach of a Russian…

France 24

Moment drone strikes Russian Black Sea beach resort

Social media footage showed what appeared to be a drone crashing into a busy beach at Arkhipo-Osipovka, as tourists looked on from the shore and in the water.

Euronews

Moment drone explodes at busy Russian beach resort near Putin’s Black Sea palace

IN FULL

The Independent UK

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'Had no time to flee': Drone strikes Russian Black Sea beach, kills 7 including 3 children, injures 40

At least seven people, including three children, were killed and 40 others injured after a drone struck a beach at Arkhipo-Osipovka near Russia’s Black Sea resort town of Gelendzhik on Sunday, according to local authorities.

The Times of India

Russia's western oil exports to rise 4% in August on refinery disruptions

Russian oil shipments from western ports are set to increase by four percent in August. This rise is driven by domestic refinery attacks and strong Asian demand for crude. Exports from Baltic and Black Sea ports are projected to reach 2.7 million barrels daily. Ukraine's attacks on refineries have redirected…

The Economic Times

Russian forces strike targets in Ukraine's Odesa, Mykolaiv ports

Russia said on Saturday its forces had struck fuel storage facilities in the Ukrainian port of Odesa and a tugboat used by the Ukrainian military in Mykolaiv. Russia and Ukraine have intensified attacks in recent weeks on Black Sea shipping routes, rattling global grain markets.

France 24

Fears of wheat price surge amid Ukraine-Russia clashes in the Black Sea

Intensifying clashes between Ukraine and Russia in the Black Sea are threatening a crucial trade artery responsible for nearly a third of the world's wheat supply, stoking fears of soaring prices and shortages.

Radio France Internationale

Russia hits Ukraine military cargo vessel near Odesa as Kyiv targets oil refinery

Russia claimed striking a vessel near Odesa carrying military cargo. Ukraine reported hitting Russia's Volgograd oil refinery and port infrastructure. Both nations are increasingly targeting logistics and supply chains. This escalation highlights the Black Sea's crucial role in the ongoing conflict. Ukraine also continues its campaign against Russian logistics targets.

The Times of India

Wheat Bears Pushing Back on Friday Morning

Wheat is giving back some of the Thursday gains so far on Friday. The wheat complex posted gains across the three exchanges on Thursday, following increased Black Sea tensions. Chicago SRW contracts were 2 ¾ to 7 ½ cents higher at the close. Open interest was down 6,949 contracts, suggesting...

Barchart

Wheat Fades Off Thursday Strength into the Close

The wheat complex posted gains across the three exchanges on Thursday, following increased Black Sea tensions. Chicago SRW contracts were 2 ¾ to 7 ½ cents higher at the close. KC HRW futures were 5 1/4 to 8 1/2 cents in the green on the day. MPLS spring wheat was...

Barchart

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Barchart

What Caused Wheat to Spike? Will it Pull Corn and Soybeans Along for the Ride?

In today's interview on Markets Now, I discussed how Black Sea export disruptions, Midwest weather forecasts, macroeconomic uncertainty around the Federal Reserve, and resilient cattle fundamentals are driving current agricultural and financial markets.

The Economic Times

Jaishankar tells Ukraine attacks on Indian seafarers are unacceptable

India unequivocally condemned attacks on commercial shipping and Indian seafarers in the Black Sea. External Affairs Minister S Jaishankar conveyed this stance to his Ukrainian counterpart Andrii Sybiha. The conversation followed the killing of an Indian seafarer in a recent Black Sea vessel attack. Ukraine urged India to play an…

Barchart

Wheat Rallying Early on Thursday Amid More Black Sea Strikes

Wheat is trading with contracts posting early double digit gains across most contracts. The wheat complex posted mostly lower trade on Wednesday with the spring wheat contracts holding higher. Chicago SRW contracts were lower on the midweek session with losses of 1 1/2 to 3 1/2 cents. Open interest was...

The Economic Times

India seeks sunflower oil alternatives on Black Sea disruptions

India is rushing to secure alternative edible oil supplies as Black Sea attacks disrupt sunflower oil shipments from Russia and Ukraine, causing delays and higher prices. Importers are increasing purchases from Argentina and switching to palm, soy and canola oils.

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The Independent UK

India issues Black Sea advisory after deadly strikes off Ukraine, calling maritime corridor ‘highly volatile’

Five Indians have been killed in a week of increasing Russian and Ukrainian strikes

The Economic Times

Shipping authority asks Indian seafarers to assess security situation before taking up jobs in conflict zones

The Directorate General of Maritime Administration issued a strong caution for vessels operating in the Black Sea. This advisory follows recent attacks that tragically claimed the lives of five Indian seafarers. Indian flagged and foreign vessels with Indian crew must now conduct thorough risk assessments. Attacks on commercial vessels have…

The Economic Times

Two Indians safe, two missing after attack on Ukraine's Odesa port

Two Indian crew members remain unaccounted for after their ship was struck in Odesa. The Indian Embassy in Kyiv is actively coordinating with local authorities for their status. Search and rescue operations are currently in progress for the missing sailors. This incident follows a recent advisory warning Indian seafarers about…

Barchart

Wheat Pulling Off Early Lows, but Still Under Pressure on Friday

The wheat complex is facing pressure from money coming off the table into the weekend following Black Sea news. Chicago SRW contracts are down 18 to 20 cents at midday. KC HRW futures are down 17 to 18 cents on the day. MPLS spring wheat are falling back 17 to...

The Economic Times

Oil set for weekly rise amid Red Sea shipping attacks, Kazakhstan output cuts

Oil prices are poised for weekly gains amid Red Sea shipping concerns. Houthi attacks on tankers have raised fears about a key shipping route. Kazakhstan has also temporarily reduced oil output after drone attacks. Its main Black Sea export terminal faced a temporary closure. These disruptions are tightening global energy…

The Independent UK

Sailor dies after Ukraine-bound gas tanker ‘struck by drones’ in Black Sea

IN FULL

The Economic Times

India urges caution for ships entering Black Sea

India issued a security warning for ships in the Black Sea region. This advisory follows a recent Russian attack that killed four Indian nationals. The maritime authority urged extreme caution and risk assessments for voyages. Several other attacks involving Indian seafarers have occurred since April. India is a major contributor…

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