Ukraine, Russia Black Sea attacks push wheat prices to 2-year high

A Ukrainian military vessel operates in the Black Sea near what Ukrainian forces said was a Russian tanker, in this image from a video supplied by the Security Service of Ukraine. © ReutersNATSUKI KANEKOJuly 28, 2026 05:02 JSTVIENNA -- A flurry of attacks between Russia and Ukraine in the Black Sea is roiling grain and energy exports, driving up prices and raising the risk of inflationary pressure and food scarcity in importing countries. VIENNA -- A flurry of attacks between Russia and Ukraine in the Black Sea is roiling grain and energy exports, driving up prices and raising the risk of inflationary pressure and food scarcity in importing countries.

VIENNA -- A flurry of attacks between Russia and Ukraine in the Black Sea is roiling grain and energy exports, driving up prices and raising the risk of inflationary pressure and food scarcity in importing countries. Read NextUkraine warFour Indians killed in Russian strike on vessel off UkraineAerospace & Defense IndustriesUkraine pushes civil drone drive with Japan and TaiwanOpinionA new European security architecture is needed to end war in UkraineCommentChina and North Korea absorb lessons from Ukraine's evolving battlefieldUkraine warUkraine eyes reconstruction fund with Japan to boost recoveryLatest on CommoditiesCommoditiesJapan extracts rare earths from seabed: 3 things to knowCommoditiesJapan pulls rare earths from Pacific seabed in drilling testCommoditiesJapan flips to net importer of petrochemicals on naphtha price surge Read Next Read Next Ukraine warFour Indians killed in Russian strike on vessel off UkraineAerospace & Defense IndustriesUkraine pushes civil drone drive with Japan and TaiwanOpinionA new European security architecture is needed to end war in UkraineCommentChina and North Korea absorb lessons from Ukraine's evolving battlefieldUkraine warUkraine eyes reconstruction fund with Japan to boost recovery Ukraine warFour Indians killed in Russian strike on vessel off Ukraine Ukraine warFour Indians killed in Russian strike on vessel off Ukraine Aerospace & Defense IndustriesUkraine pushes civil drone drive with Japan and Taiwan OpinionA new European security architecture is needed to end war in Ukraine CommentChina and North Korea absorb lessons from Ukraine's evolving battlefield Ukraine warUkraine eyes reconstruction fund with Japan to boost recovery Latest on Commodities Latest on Commodities CommoditiesJapan extracts rare earths from seabed: 3 things to knowCommoditiesJapan pulls rare earths from Pacific seabed in drilling testCommoditiesJapan flips to net importer of petrochemicals on naphtha price surge CommoditiesJapan extracts rare earths from seabed: 3 things to know CommoditiesJapan pulls rare earths from Pacific seabed in drilling test CommoditiesJapan flips to net importer of petrochemicals on naphtha price surge Sponsored Content Sponsored Content