Ukrainian drone strikes in the Sea of Azov damage 116 vessels, disrupting Russian agricultural exports, while severe drought on the Rhine River forces German cargo barges to operate near-empty, risking industrial shutdowns. Meanwhile, escalating military tensions in the Strait of Hormuz push oil prices higher as U.S. clean energy projects face $83 billion in delays, Shell advances its $16.4 billion acquisition of ARC Resources, and Rio Tinto battles rising diesel costs despite beating iron ore forecasts. In agriculture, Brazil projects a record 360 million metric ton grain crop, and U.S. quotas for Mexican sugar imports jump to 1.35 million short tons.
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