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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.
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themoscowtimes.com
Russia Steps Up Ship Protection in Black Sea as Attacks Threaten Grain Exports - The Moscow Times
Russia's Transportation Ministry said Monday that it was stepping up protection of ships in the Azov-Black Sea basin while also developing alternative cargo routes, in a move that…
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economictimes.indiatimes.com
Russia's western oil exports to rise 4% in August on refinery disruptions
Russian oil shipments from western ports are set to increase by four percent in August. This rise is driven by domestic refinery attacks and strong Asian demand for crude. …
