Turkey restricts shipping in the Black Sea

Turkey is imposing restrictions on commercial shipping in the Black Sea due to the increase in mutual strikes between Russia and Ukraine. According to Bloomberg, the restrictions also apply to vessels heading to Ukraine. This move could complicate global trade, especially amid already affected oil supplies due to the war with Iran and reduced traffic in the Strait of Hormuz.

Turkey is imposing restrictions on commercial shipping in the Black Sea. The reason is the increase in mutual strikes between Russia and Ukraine in the region. This was reported by Bloomberg, citing sources involved in the matter. The restrictions also extend to vessels heading to Ukraine. According to Bloomberg, this step could create additional complexity for global trade. It is noted that oil supplies have already suffered due to the war with Iran and the reduction of maritime traffic in the Strait of Hormuz.