Traders said that Russian oil is no longer discussed at work or among friends in the industry.
The consequences of harsh economic sanctions against Russia are already being felt across the globe. Greg Ip of WSJ joins others to explain the significance of what has happened so far and how the conflict might transform the global economy.
Photo illustration: Alexander HotzThe de facto buyers’ strike on Russian crude that began a month ago propelled oil prices to their highest levels in years. Now the real effects are starting to create a second wave of impact on oil markets, disrupting Russian exports and threatening further price increases.
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