Russian attack on Ukraine could exacerbate already-high energy costs
Americans are already coping with the hottest inflation in four decades, and Russia’s full-scale attack on Ukraine could push it even higher.
The conflict roiled the global market Thursday, pushing oil prices above $105 for the first time since 2014 and raising concerns of a prolonged inflation surge after Russia launched a broad offensive, hitting Ukrainian cities and bases with airstrikes and shelling.
