Black Sea Blockade Cuts Wheat Exports, Sparks Global Food Crisis Fears

Attacks by both sides on Black Sea shipping have halved projected Russian and Ukrainian wheat exports for the July-September harvest period, driving wheat prices to three-year highs and straining Ukraine's storage. The disruption mirrors the Strait of Hormuz scenario, raising food security risks for import-dependent nations. The situation is developing, with the full impact on global supply chains still uncertain.