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Russia-Ukraine Crisis | Crude Oil Prices Hit $117/Barrel | Global Impact Of War
Posted
March 3, 2022
Views
87
March 3, 2022
87
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6:49Now PlayingAs the Russia-Ukraine conflict entered its 2nd week the situation is getting worst, and the world is getting disrupted. The oil prices surged on Wednesday as supply disruptions mounted following sanctions on Russian banks, while traders scrambled to seek alternative oil sources in an already tight market. Brent crude futures rose by more than $8, touching a peak of $113.02 a barrel, the highest since June 2014. But what exactly is going to happen in the future in terms of the effects of this war if it continues like this. To understand all of that we are joined by Maximilian Hess, fellow Foreign Policy Research Institute here on the broadcast. "Economic impacts are going to be widespread around the world," said Maximilian Hess. "global economy, shaking financial markets and making life more perilous for everyone across," he added. Watch to know more! #RussianUkrainianWar #RussiaUkraine #Russia
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