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A RUSI analysis examines the Black Sea's strategic importance after three years of war, noting the Black Sea Fleet has lost a third of its combat strength. Turkey has invoked Montreux restrictions on warship transit through the Bosporus and Dardanelles.
Security risks to Black Sea shipping and possible mining of Odesa approaches keep grain freight risk premiums elevated.
rusi.orgApr 14, 2025Not enough comparable past events yet for a historical read.
After 361 past bullish geopolitics events, Wheat (SRW) moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
