**Oil Prices Surge as Sanctions on Russia Intensify**
Russia’s invasion of Ukraine has sent shockwaves through the global energy market, propelling oil prices to multi-year highs. In response to the conflict, Western nations have imposed sweeping sanctions targeting Russia’s oil and gas exports, further straining an already tight supply chain.
**Expert Analysis on Market Fluctuations**
Energy analysts predict that the sanctions will have a significant impact on the global oil market, potentially leading to further price increases and supply chain disruptions.
* **Dr. Andrew Lipow, President, Lipow Oil Associates:** .
