LONDON: The cost of shipping commodities through the Black Sea climbed on Monday after Ukrainian naval drones hit two tankers heading to a Russian port, with fears of further attacks driving up war risk insurance costs, industry sources said. The Black Sea is crucial for the shipment of grain, oil and oil products. Its waters are shared by Bulgaria, Georgia, Romania and Turkiye, as well as Russia and Ukraine.

LONDON: The cost of shipping commodities through the Black Sea climbed on Monday after Ukrainian naval drones hit two tankers heading to a Russian port, with fears of further…

Turkish authorities said Tuesday a third Russian vessel bound for Georgia with a shipment of sunflower oil had come under attack, days after two similar attacks. A Ukrainian…