Russia strikes vessels near Odesa
Analysis based on 6 articles · First reported Jul 29, 2026 · Last updated Jul 29, 2026
The escalation of attacks on shipping in the Black Sea region has driven wheat prices higher due to supply disruption risks. Continued instability may further impact agricultural commodity markets and shipping insurance costs.
On July 29, 2026, the Russian Defence Ministry reported that Russian forces struck two vessels carrying weapons and military equipment to Ukrainian ports near Ukraine — Odesa. Later, the ministry added that Russian forces also hit a fuel storage facility in Ukraine — Odesa, two additional vessels in the port of Ukraine — Pivdennyi near Ukraine — Odesa, and another vessel northwest of Ukraine — Snake Island (Ukraine) in the Black Sea. The ministry claimed, without providing evidence, that all vessels were transporting military supplies to Ukraine. Reuters could not independently verify the report. This incident is part of a broader escalation of attacks on shipping in the Black Sea and Sea of Azov by both Russia and Ukraine, which has driven wheat prices higher.
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