In the early hours of 24 February 2022, Russian troops entered Ukraine. Later that day, the Russian navy captured Snake Island in Ukraine’s Black Sea waters. When the news broke, oil and European gas prices soared. The war that began, …
The Ukraine crisis started with Suez
Oil prices are surging. Brent crude has broken through the $100 per barrel mark — the highest level since 2014. And this could just be the start of a new oil price shock.
Russia is the world’s second biggest exporter …