Oil surge leads to return of realpolitik: Morning Brief

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Tuesday, March 8, 2022

When an oil crunch turns foes into frenemies

Since Vladimir Putin attacked Ukraine for the sin of refusing to exist as a Russian satrapy, fiery crude prices are stoking fears of a 1970’s style oil shock, and sending a chill down the market’s spine.

The U.S. government is weighing slapping embargoes on Russia’s crude —…


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