Oil prices have jumped as economies recover from the Covid pandemic and due to the war in Ukraine. Oil prices were already rising as demand picked up again in economies that had started recovering from the Covid pandemic. The fallout from the war in Ukraine has pushed prices up further. It’s inevitable that ultimately the high oil prices will be passed through to consumers in higher ticket prices and Flying will be more expensive for consumers, without doubt. Does the world rely on Russian oil or is it a politically motivated move ?

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