Russian sanctions triggered more than a surge in oil prices. Financial markets near-panicked bought in near-term futures contracts. While the jump in energy is already being called an huge inflation risk, it isn't even close. On the contrary, oil spikes always end a certain way.
Eurodollar University's Money & Macro Analysis
CNN Biden admin imposes harsh sanctions on Russian oil industry to cut off funding for Ukraine war effort
https://www.cnn.com/2025/01/10/politics/biden-admin-russia-energy-sanctions-ukraine/index.html
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