Why do oil prices rise because of the Ukraine-Russia war? How does it affects the economies of other countries?

MACROECONOMICS
14th Edition
ISBN:9781337794985
Author:Baumol
Publisher:Baumol
Chapter21: Contemporary Issues In The U.s. Economy
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Why do oil prices rise because of the Ukraine-Russia war? How does it affects the economies of other countries?

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How is the economic impact of the Ukraine-Russia war similar to the economic impact of the Spanish flu pandemic in 1918?

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