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The Economic Times

Global Business / The Economic Times

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Russia strikes three more cargo vessels in Black Sea

Russian forces struck three more cargo vessels in the Black Sea on Wednesday. This escalation has forced up global wheat prices significantly. The Black Sea now threatens to become a strategic trade chokepoint. Russia and Ukraine have stepped up attacks on each other's shipping. This ongoing conflict impacts international trade routes and commodity prices.

5 Aug 2026 8:43 pm