Diary of a rail fan in Kansai,Japan(Ver.2)

About world's rail news, general news, my train pictures, and travel diary)

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Why does oil disruption from Russia a key to devastate global economy?

Oil traders are shunning Russian crude. Here's why
https://edition.cnn.com/2022/02/25/investing/premarket-stocks-trading/index.html

If sharing of natural resources is disrupted, oil price in oil-abundant area will be plummetting. On the other hand, that in oil-poor area will be skyrocketing. So, we have to see chaotic situations in both of the areas. If this situation lasts longer, economic damage will be much more severe.