IBOV 168,498.45 ▲ 1.39% IPC MEX 70,968.43 ▼ 0.17% MERVAL 2,848,945 — — USD/BRL5.50▼ 0.17% USD/MXN18.60▼ 0.84% USD/CLP975.74▼ 0.29% USD/COP3,240▲ 0.38% USD/PEN3.44▼ 0.15% USD/ARS 1,545 — 0.00% USD/UYU40.31▲ 3.48% USD/PYG6,358▲ 8.23% USD/BOB11.81▲ 0.40% USD/DOP60.56▲ 0.43% USD/CRC448.27▲ 1.89% USD/GTQ7.64▲ 3.24% USD/HNL26.88▲ 3.25% USD/NIO36.62▲ 2.77% USD/VES893.88▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99▲ 2.90% USD/TTD6.72▲ 2.39% EUR/BRL6.13▲ 0.07% BRENT 97.76 ▼ 0.54% WTI 90.34 ▼ 0.20% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.18% GOLD 4,080 ▼ 0.83% SILVER 51.97 ▼ 0.51% SOY 1,195 ▲ 1.14% CORN 442.25 ▲ 0.51% WHEAT 590.50 ▼ 1.46% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 138.95 ▲ 8.17% COTTON 78.54 ▼ 0.22% COCOA 5,239 ▲ 1.12% BEEF 214.18 ▼ 0.10% CATTLE 318.70 ▼ 1.95% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 ▼ 1.28% VALE3 64.04 ▲ 2.19% ITUB4 40.53 ▲ 1.40% BBDC4 14.20 ▲ 3.12% ABEV3 15.48 — 0.00% BBAS3 17.13 ▲ 3.88% B3SA3 14.39 ▲ 0.21% WEGE3 48.19 ▼ 0.23% PRIO3 60.48 ▼ 1.72% SUZB3 53.40 ▲ 2.12% RENT3 30.29 ▲ 4.20% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 ▲ 10.80% RAIZ4 27.30 ▼ 0.98% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 ▲ 2.43% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 ▼ 3.36% BRKM5 3.20 ▲ 5.61% RANI3 8.53 ▲ 0.83% CSNA3 4.41 ▲ 8.89% IBOV 168,498.45 ▲ 1.39% IPC MEX 70,968.43 ▼ 0.17% MERVAL 2,848,945 — — USD/BRL 5.50 ▼ 0.17% USD/MXN 18.60 ▼ 0.84% USD/CLP 975.74 ▼ 0.29% USD/COP 3,240 ▲ 0.38% USD/PEN 3.44 ▼ 0.15% USD/ARS 1,545 — 0.00% USD/UYU 40.31 ▲ 3.48% USD/PYG 6,358 ▲ 8.23% USD/BOB 11.81 ▲ 0.40% USD/DOP 60.56 ▲ 0.43% USD/CRC 448.27 ▲ 1.89% USD/GTQ 7.64 ▲ 3.24% USD/HNL 26.88 ▲ 3.25% USD/NIO 36.62 ▲ 2.77% USD/VES 893.88 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.99 ▲ 2.90% USD/TTD 6.72 ▲ 2.39% EUR/BRL 6.13 ▲ 0.07% BRENT 97.76 ▼ 0.54% WTI 90.34 ▼ 0.20% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.18% GOLD 4,080 ▼ 0.83% SILVER 51.97 ▼ 0.51% SOY 1,195 ▲ 1.14% CORN 442.25 ▲ 0.51% WHEAT 590.50 ▼ 1.46% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 138.95 ▲ 8.17% COTTON 78.54 ▼ 0.22% COCOA 5,239 ▲ 1.12% BEEF 214.18 ▼ 0.10% CATTLE 318.70 ▼ 1.95% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 ▼ 1.28% VALE3 64.04 ▲ 2.19% ITUB4 40.53 ▲ 1.40% BBDC4 14.20 ▲ 3.12% ABEV3 15.48 — 0.00% BBAS3 17.13 ▲ 3.88% B3SA3 14.39 ▲ 0.21% WEGE3 48.19 ▼ 0.23% PRIO3 60.48 ▼ 1.72% SUZB3 53.40 ▲ 2.12% RENT3 30.29 ▲ 4.20% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 ▲ 10.80% RAIZ4 27.30 ▼ 0.98% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 ▲ 2.43% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 ▼ 3.36% BRKM5 3.20 ▲ 5.61% RANI3 8.53 ▲ 0.83% CSNA3 4.41 ▲ 8.89%
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Saturday, November 7, 2026

World Europe and Russia

Erdogan Warns of Black Sea Crisis, Pleads for Diplomacy

By · August 9, 2023 · 2 min read

Turkish President Recep Tayyip Erdogan has expressed concerns about a regional crisis should the conflict between Russia and Ukraine expand into the Black Sea.

Speaking at the annual Turkish ambassadors’ conference in Ankara, he emphasized, “If the war extends to the Black Sea, it would be a complete disaster for our entire region.”

This statement followed recent events where unmanned Ukrainian vessels targeted and damaged Russian naval assets near Crimea.

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Erdogan cited the Montreux Convention, a 1936 treaty restricting the passage of belligerent warships through the Dardanelles and the Bosporus, as a preventive measure against such regional escalations.

He pledged Turkey’s continued efforts to diffuse tensions between the two conflicting sides.

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Moreover, Erdogan highlighted that the revival of the Black Sea grain trade agreement, signed a year prior in Istanbul but suspended recently, hinges on Western nations.

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He recalled discussions with Russian President Vladimir Putin, emphasizing Russia’s demands and expectations.

He mentioned Russia’s concerns about its inability to offload grain and fertilizers in European ports due to Western sanctions, despite such provisions in the agreement.

Erdogan remarked on the necessity of diplomatic efforts to transition from a positive trade atmosphere to lasting peace rather than further inflaming tensions.

He continues to advocate for Ukraine’s territorial integrity while refraining from sanctioning Russia.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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