February 24, 2022
Russia’s invasion of Ukraine has sent energy prices soaring. One-month futures of Brent — the industry standard for the type of crude oil favored in international markets — topped $100 a barrel on Thursday for the first time since ... Russia annexed Crimea in 2014. That’s because traders are worried about possible supply disruptions or even sanctions that could interrupt flows from Russia, the world’s third-largest oil producer. Consumers, meanwhile, will feel that jump at the pump, because pricier crude drives up already high gasoline prices. But oil market jitters have been growing since Putin began massing troops around Ukraine last November. Here’s a look back at how prices have responded at key moments in the crisis.
More For You
Turkish President Tayyip Erdogan shakes hands with Saudi Crown Prince Mohammed bin Salman, next to Pakistan's Prime Minister Shehbaz Sharif, after signing a joint defence agreement in Mecca, Saudi Arabia, August 7, 2026.
Saudi Press Agency/Handout via REUTERS
Saudi Arabia, Turkey, and Pakistan on a Friday signed a joint defense agreement that characterizes an attack on one as an attack on all.
Most Popular
Think you know what's going on around the world? Here's your chance to prove it.
As America celebrates 250 years, Bank of America is proud to honor our shared history. Discover our commitment.
Jan Suraaj Party supporters celebrating after party win in Bankipur By-Election at party office on August 3, 2026 in Patna, India.
Santosh Kumar/Hindustan Times/Sipa USA
Prime Minister Narendra Modi’s ruling Bharatiya Janata Party (BJP) has lost a by-election for a seat in the eastern state of Bihar that it held for three decades.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.
