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The Latest Breaking News from the Black Sea

Wheat Extending Correction on Tuesday as the Market Eyes the Black Sea

Wheat is under pressure on Tuesday morning as the Black Sea looks to ease. The wheat complex posted mixed trade on the Monday session. Chicago SRW contracts were down 3 ¼ cents to 4 ¼ cents higher at the close. KC HRW futures were mixed, with contracts 6 cent lower...

Barchart

In talks with Putin, Modi raises safety of Indians in Black Sea

Prime Minister Narendra Modi and Russian President Vladimir Putin discussed the safety of Indian seafarers in the Black Sea and India’s readiness to support peace efforts in the Ukraine conflict. The two leaders agreed to target $100 billion in annual bilateral trade by 2030 and deepen cooperation across defence, energy…

The Economic Times

Turkey seeks Black Sea shipping deal as attacks threaten grain trade

Turkey is racing to restore safe passage for cargo ships in the Black Sea as attacks on shipping disrupt grain exports and push up prices. Russia and Ukraine are major global wheat exporters, but Black Sea trade has been severely disrupted as both sides step up attacks on shipping and…

Radio France Internationale

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Deadly escalation in Black Sea attacks prompts fears of even higher food prices

Russian and Ukrainian strikes in July killed more crew than in whole war to that month, preventing grain exports

The Guardian - UK

Kyiv to EU: 'Think outside the box' on Russia's frozen assets

Hello, it’s Friday. I’m Mared Gwyn. Today, Ukraine’s Finance Minister shares his thoughts on plans to channel Russia’s immobilised state assets to Kyiv. We also break down the brewing crisis in the Black Sea.

Euronews

Russia, India 'on same page' on peace; 'ball in Ukraine's court': Russian Ambassador Alipov

Russian Ambassador to India Denis Alipov said Moscow and New Delhi are “on the same page” on resolving the Ukraine conflict through peace and dialogue. He said Russia is ready for negotiations but claimed Kyiv and European supporters want continued fighting, adding that “the ball is in Ukraine’s court”.

The Economic Times

New Black Sea blockade fuels fears of food crisis and migration wave

The escalation in the Black Sea has reignited fears among Europeans that Russia will seek to weaponise food supply chains to trigger a migration wave and undermine support for Ukraine.

Euronews

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Ships adopt makeshift anti-drone defences as Black Sea attacks intensify

To counter the escalating risk of drone assaults from Russia and Ukraine in the Black Sea, vessels passing through the Bosphorus are equipping themselves with additional protective gear like nets and water tanks. This strategic shift follows Ukraine's heightened offensive on Russian export facilities starting in July. Although certain precautions…

The Economic Times

Wheat Following Wednesday Gains with Thursday AM Strength

Wheat is extending strength to Thursday morning, with contracts up 4 to 7 cents across the three markets. The wheat complex rallied on Wednesday with escalating tensions out of the Black Sea. Chicago SRW contracts were up the 45 cent limit in the front months and other contracts up 26...

Barchart

Wheat Rallying to New Highs as Russia Looks to Escalation

The wheat complex is extending to fresh highs on Wednesday following news out of the Black Sea. Chicago SRW contracts are uo 42 to 43 cents on Wednesday, after hitting the 45 cent limit near midday. KC HRW futures are trading with 36 to 37 cent gains so far at...

Barchart

What the renewed Black Sea blockade means for Ukraine’s farmers

As Ukraine and Russia hammer each other’s Black Sea ports, the amount of grain being shipped through the crucial waterway has slowed to a crawl. For Ukraine’s farmers, the Black Sea blockade could hardly have come at a worse time.

France 24

India set for record soyoil imports as Russia-Ukraine war disrupts sunflower shipments

India's soyoil imports are expected to reach a record 620,000 metric tons in August, about 46% above the current marketing year's monthly average, as competitive prices and disruptions to sunflower oil shipments from the Black Sea encourage refiners to increase soyoil purchases ahead of festive demand, traders said.

The Economic Times

Ukraine offers Black Sea shipping truce; Russia yet to respond : Report

Ukraine has proposed a temporary halt to attacks on civilian targets in the Black Sea as a surge in strikes on ships and ports disrupts trade and raises concerns about global food supplies, according to a source familiar with the matter cited by Reuters.

The Times of India

Ukraine war briefing: Zelenskyy warns Egypt of food supply threat caused by Russian strikes in Black Sea

Ukraine president says exports to Egypt under threat from Russian attacks; Russia dismisses idea of Black Sea ceasefire. What we know on day 1,634

The Guardian - AU

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The Independent UK

Eurovision: What you need to know about the Black Sea jewel hosting the 2027 competition

Burgas has pipped Bulgaria’s capital Sofia to the post to claim the Eurovision host city crown

The Economic Times

Russia dismisses Black Sea ceasefire, citing no grounds for 'half-measures' amid escalating attacks

Russia dismissed a ceasefire proposal for the Black Sea, claiming no foundation for temporary measures. Moscow accused Ukraine of perpetrating terrorism against maritime operations, further inflaming tensions in the region. Turkey had suggested a moratorium on military actions, while Ukraine proposed a suspension of assaults on civilian structures. Russia criticised…

The Conversation

Russia is cutting off Ukraine’s grain exports again, threatening a critical harvest and global food security

While the world’s attention is fixated on the US blockade of Iranian ports and the closure of the Strait of Hormuz, Russia has been subjecting Ukraine to a blockade of its own in the Black Sea, imperilling Ukraine’s summer grain harvest.

The Economic Times

Ukraine offers Russia truce in Black Sea as food supply fears mount, source says

Ukraine has proposed a halt to attacks on civilian targets in the Black Sea. This offer was transmitted via a third party, and Ukraine awaits a response. Both nations are major agricultural exporters and accuse each other of intensified targeting. Ukrainian grain exports have significantly decreased due to Russian port…

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The Economic Times

Casino, spa, theatre and ‘aquatic disco’: What is inside Putin’s controversial Black Sea palace attacked by Ukrainian drones

Putin's Palace, an opulent estate along the Black Sea, has once again captured public attention. Ukrainian forces have targeted an air-defence installation nearby, raising concerns regarding the security surrounding this lavishly controversial compound. As discussions about its immense cost and murky ownership persist, this latest strike further amplifies scrutiny over…

The Economic Times

Turkey restricts some Black Sea ship traffic amid security concerns

Turkey is restricting some commercial vessel traffic into the Black Sea amid rising Russian and Ukrainian attacks on merchant ships, Bloomberg reported. Some vessels heading to Russia’s Novorossiysk and Ukraine are facing delays in securing transit permits through the Dardanelles Strait.

Euronews

Russian drones attack German cargo ship 'EMIL' in Black Sea, media reports

The German cargo ship "EMIL" was reportedly repeatedly targeted by Russian drones in the Black Sea. A fire broke out on board, leaving it unable to manoeuvre. All 11 crew members are said to be unharmed.

The Economic Times

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…

Euronews

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.

France 24

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…

The Economic Times

Oil prices surge 20% in July as US-Iran war heightens Strait of Hormuz tensions

Oil prices saw volatility last week but are set for significant monthly gains. Escalating United States-Iran tensions and Houthi attacks are impacting global energy markets. Saudi Arabia is forming an alliance to protect Red Sea navigation from militant blockades. Concerns also persist regarding supply disruptions in the Black Sea region.…

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