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The Economic Times

Top News / The Economic Times

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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 risks. Alternative export routes for Ukraine will not reach full capacity until late August.

5 Aug 2026 9:24 pm