Russia’s invasion of Ukraine has sparked an upheaval in the markets, causing the prices of oil and gas to skyrocket and fuelling global inflation. Oil prices are expected to remain high for as long as the conflict continues, exacerbating problems such as supply-chain disruptions brought about by the COVID-19 pandemic. With sanctions levied against Moscow, countries have been forced to reconsider where they’re sourcing their energy, and scrambling to find alternatives to Russian oil and gas. But they’re finding that their options, including ramping up domestic oil production, are limited – and sometimes costlier. And the transition to renewable, greener sources of energy is unlikely to bring quick relief.

More from CNA Correspondent: https://www.youtube.com/playli....st?list=PLkMf14VQEvT

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About CNA Correspondent: Highlights of news stories and features by CNA's network of Correspondents based in major cities across the region.
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