A massive Ukrainian drone strike on the Russian Black Sea port of Novorossiysk on August 12, 2026, killed three people, including a child, and disabled two major grain terminals. The attack has intensified fears of global supply disruptions, pushing grain futures higher. This escalation comes as the UN Food and Agriculture Organization reports global food prices hitting a three-and-a-half-year high, driven by Black Sea conflict disruptions, severe European heatwaves that destroyed 9 million tonnes of crops, and El Niño weather patterns.
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