The world is back to July 2022 — Russia's junked a vital food grain deal and Europe may be teetering on the brink of another energy crisis

• It's been over a year since Russia invaded Ukraine but 2 commodities — grain and gas — are back to square one.
• Russia said it would not extend the Black Sea grain deal that allows food exports out of Ukraine.
• IEA warned on Monday Europe could face an energy crisis this winter if Russian gas supplies are cut.

It almost feels like 2022 again. 

Russia just killed the Black Sea grain deal, and there are once again warnings that Europe may face a natural gas crisis this winter if the Kremlin decides to cut supplies.