# The Black Sea Has Become the Fulcrum of Europe’s Security | Carnegie Endowment for International Peace

> Russian strikes on Odesa and Kyiv on June 9 to 10 hit Ukraine's principal port, and the article describes Black Sea power shifting away from Moscow. The EU has adopted a new Black Sea strategy and Turkey is expanding its capabilities. Ukraine has held onto key coastline, which keeps its export ports operating.

- Date: 2025-06-19 · published 2025-06-19T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14203-the-black-sea-has-become-the-fulcrum-of-europe-s-security-carnegie-endowment
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Ongoing strikes on Odesa threaten the main Ukrainian grain export outlet, raising the risk of shipment disruption and higher freight and insurance costs. That risk supports wheat and corn prices.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-04-14 | [Black Sea Significance to European Security \| Royal United Services Institute](https://feedsoft.ai/events/14215-black-sea-significance-to-european-security-royal-united-services-institute.md) | +3.9% | +3.1% |
| WHEAT | 2023-08-07 | [End of the Black Sea Grain Initiative: Implications for sub-Saharan Africa \| IFPRI](https://feedsoft.ai/events/14373-end-of-the-black-sea-grain-initiative-implications-for-sub-saharan-africa-ifpri.md) | +0.5% | -6.9% |
| WHEAT | 2023-08-01 | [Update from the Office of the UN Coordinator for the Black Sea Grain Initiative](https://feedsoft.ai/events/14376-update-from-the-office-of-the-un-coordinator-for-the-black-sea-grain-initiative.md) | +0.4% | -7.2% |
| WHEAT | 2026-05-13 | [Black Sea maritime war: how Ukraine is transferring the costs of maritime insecurity to Russia](https://feedsoft.ai/events/14116-black-sea-maritime-war-how-ukraine-is-transferring-the-costs-of-maritime.md) | +0.9% | -3.8% |
| WHEAT | 2022-08-27 | [Higher gas prices deepen Europe's fertiliser crunch, threaten food crisis \| INTERNATIONAL ECONOMY NEWS - Business Standard](https://feedsoft.ai/events/5146-higher-gas-prices-deepen-europe-s-fertiliser-crunch-threaten-food-crisis.md) | +0.5% | +4.4% |
| CORN | 2023-08-01 | [Update from the Office of the UN Coordinator for the Black Sea Grain Initiative](https://feedsoft.ai/events/14376-update-from-the-office-of-the-un-coordinator-for-the-black-sea-grain-initiative.md) | -2.3% | -2.8% |
| CORN | 2022-08-27 | [Higher gas prices deepen Europe's fertiliser crunch, threaten food crisis \| INTERNATIONAL ECONOMY NEWS - Business Standard](https://feedsoft.ai/events/5146-higher-gas-prices-deepen-europe-s-fertiliser-crunch-threaten-food-crisis.md) | +0.5% | -0.0% |
| CORN | 2023-07-01 | [Operational update from the Office of the UN Coordinator for the Black sea Grain Initiative, 15 JULY 2023 \| The United Nations Office at Geneva](https://feedsoft.ai/events/14380-operational-update-from-the-office-of-the-un-coordinator-for-the-black-sea.md) | +1.4% | -5.6% |

## Sources

- carnegieendowment.org: https://carnegieendowment.org/europe/strategic-europe/2025/06/the-black-sea-has-become-the-fulcrum-of-europes-security

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.