The extinction of sharks could change a great deal more in the oceans, maybe even their fundamental chemistry. We don't have any idea of the effects of suddenly eliminating a key component of a global ecosystem after 400 million years.
BTW, the oceans feed us.
If sharks become extinct then some other creature will evolve to be the seven seas' greatest predator. There will be a niche to fill, just as mammals (and, more specifically, later humans) replaced the dinosaurs as the dominant land creatures.