Energy

Consumers will pay higher prices as Ukraine war persists: Helima Croft

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Consumers have to be ready for a period of higher prices as Russia continues its war in Ukraine and disruptions to the global energy market persist, according to an energy expert.

The war in Ukraine following Russia’s invasion in late February has thrown energy markets into disarray and driven up the price of wheat. Russia and Ukraine are among the world’s top exporters of wheat.

“If people believe this is important, if people believe this is a generational security crisis, then we need to think about what sacrifices people are willing to pay in defense of these values,” said Helima Croft, global head of commodity strategy of RBC Capital Markets.

Washington and its allies have imposed…



Source cnbc.com

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