Turkey is restricting some commercial vessel traffic into the Black Sea amid rising Russian and Ukrainian attacks on merchant ships, Bloomberg reported. Some vessels heading to Russias Novorossiysk and Ukraine are facing delays in securing transit permits through the Dardanelles Strait.

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…

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. …