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Black Sea
Pentagon to audit U.S. air defenses amid Black Sea attacks
NATO is sending more maritime patrol aircraft, radar systems and drones to the Black Sea after a run of deadly drone strikes on commercial ships near the coasts of Romania and Bulgaria, two of its members. The alliance announced the…
Bulgaria summons Russian envoy after drone sinks ship
Drones hit two merchant ships in the Black Sea off Bulgaria overnight into Tuesday, Oct. 13. One sank and 11 of its sailors are missing, Bulgarian officials said. Prime Minister Rumen Radev said there was no conclusive evidence of who…
Bulgaria ends search for crew of drone-sunk Alfa Watan
Bulgaria has called off the search for the crew of a cargo ship that sank after sea and aerial drones attacked it in the Black Sea. No survivors were found. The drones hit two commercial vessels inside Bulgaria's exclusive economic…
Drones strike two ships off Bulgaria, sinking one
Drones struck two commercial cargo ships early Tuesday in Bulgaria's Black Sea exclusive economic zone. One ship sank and its crew is missing. The crew of the other was rescued after it caught fire. Prime Minister Rumen Radev called the…
Corn, wheat rally as Black Sea disruptions tighten supply
Corn, wheat, and soybean futures pushed higher on Tuesday as ongoing damage to Black Sea port infrastructure, record commodity fund positioning, and elevated energy costs linked to the Strait of Hormuz crisis converged to extend a months-long rally in grain…
Crop prices post biggest monthly gain since 2012
Global crop prices are closing out August with their steepest monthly surge in more than a decade, as overlapping conflicts and extreme weather tighten food supplies and raise the specter of broader inflation at grocery stores worldwide.
European wheat hits one-month high on Russia escalation fears
European wheat futures surged 4% on Wednesday to their highest level in a month after Bloomberg News reported that Russia is preparing to intensify attacks on Ukraine, deepening fears of further disruption to Black Sea grain trade that has already…
MSC suspends Russia’s Black Sea port service after drone strike
MSC Mediterranean Shipping Co., the world's largest container shipping line, has suspended all new bookings to and from Russia's Novorossiysk port after a drone struck one of its vessels, marking an escalation in the conflict's disruption of commercial shipping in…
EU wheat futures fall as CIA chief’s Moscow visit stirs Black Sea hopes
European wheat futures fell on Tuesday as grain markets weighed the prospect of diplomatic progress on Black Sea shipping disruptions, even as fresh Russian strikes on Ukrainian port infrastructure underscored the fragility of global grain supply chains.
Wheat importers turn to U.S., Australia as Black Sea strikes choke supply
Global wheat importers are scrambling to secure alternative grain supplies as escalating Russian strikes on Black Sea port infrastructure have crippled Ukrainian exports during the peak harvest season, driving benchmark futures to near three-year highs.
Romania destroys explosive sea drone near major Black Sea gas platform
European Commission President Ursula von der Leyen on Thursday condemned what she called "an escalating campaign of threats" after Romania scrambled F-16 fighter jets to destroy a naval drone carrying explosives near the Neptun Deep gas platform in the Black…
Wheat futures surge after Russia rejects Black Sea ceasefire
Chicago wheat futures rallied on Friday after Russia formally dismissed the idea of a ceasefire in the Black Sea, dashing hopes for a de-escalation of hostilities that have disrupted grain shipments from two of the world's largest exporters. December wheat…
Ukraine proposes Black Sea truce to protect food shipments
Ukraine has sent Russia a proposal to halt attacks on civilian targets in the Black Sea, as weeks of intensified strikes on vessels and ports raise fears of a global food price shock. Moscow has yet to respond.
Ukraine grain exports plunge 75% as Russian strikes shut Black Sea ports
Ukrainian grain exports plunged 75% year-on-year in the first two weeks of August as a sustained Russian campaign of strikes on Black Sea port infrastructure has brought maritime shipping to a near standstill, according to data released on Wednesday.
Wheat surges as USDA projects lowest U.S. crop since 1970
Wheat futures on the Chicago Board of Trade CME Group Inc. rallied sharply on Wednesday after the U.S. Department of Agriculture's August WASDE report projected U.S. wheat production at just 1.53 billion bushels for 2026 — down 23% from a…
Wheat prices surge as Black Sea attacks slash Ukraine exports
Escalating attacks on Black Sea ports and commercial vessels are severely disrupting grain shipments from Ukraine and Russia, driving wheat futures sharply higher and raising alarms over global food security as the autumn export season approaches.
Black Sea tanker rates hit record as drone attacks disrupt crude exports
Freight costs for oil tankers navigating from Russia's Black Sea coast to the Mediterranean have surged to record levels as a wave of drone attacks disrupts one of the world's most important crude export routes, hammering prices for Kazakhstan's primary…
Russian wheat exports hit decade low amid Black Sea attacks
Russia's grain exports are on track to fall to their lowest August level in a decade as escalating attacks on commercial vessels in the Black Sea create severe shipping bottlenecks at the country's southern ports, compounding a disruption that has…
Wheat futures hit weekly high after Turkey curbs Black Sea shipping
US wheat futures rose to their highest level in more than a week on Monday as disruptions to shipping in the Black Sea raised the prospect of supply shortages from a region responsible for nearly a third of the world's…
Ukraine slashes grain export forecast by 54% after Black Sea port attacks
Ukraine's agricultural shipments could fall by more than half this season after escalating Russian attacks disrupted Black Sea ports, threatening the country's largest source of export revenue and raising alarms over global food security.
Russian grain exports drop 37% in July amid Black Sea strikes
Russia exported 2.03 million metric tons of major grain crops in July 2026, a 37.6% decline from the 3.25 million metric tons shipped during the same month last year, as Ukrainian drone and sea-drone strikes disrupted shipping across the Azov-Black…
Wheat futures surge as Black Sea attacks disrupt grain exports
Wheat futures climbed sharply this week across major exchanges as intensifying military strikes on Black Sea shipping infrastructure, a bullish USDA supply report, and extreme heat ravaging European crops combined to tighten global grain supplies at the peak of harvest…