Germany has halted the final approval to operate a natural gas pipeline from russia to germany. If it doesn't happen, europe will have to source gas from elsewhere and this could lift oil prices for everyone. A sudden rise in oil prices could effect multiple industries. Prices could soar, and inflation could become arque concern,. This should probably explain why the markets have been jittry. This isn't an isolated event. This affects all of us.
In today's episode for 24th February 2022, we see the economic impact of a full-blown war between Russia and Ukraine