Ukraine conflict: Oil price soars to highest level since 2008
Consumers are feeling the impact of higher energy costs as fuel prices and household bills jump. …
“While the US might just push through a ban on Russian oil imports, Europe can ill-afford to do the same. More worryingly, [Russian leader Vladimir] Putin, with his back to the wall, could turn off gas supplies to Europe, cutting off the continent’s energy lifeline,” Vandana Hari at energy markets consultancy Vanda Insights told the BBC.
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