Answer:
Russia’s attack on Ukraine comes at a vulnerable time for economies around the world. Inflation is already at a worrisome level, consumers are paying more for basic goods across the board, and the global supply chain is still recovering from pandemic disruptions. Russia and Ukraine are major producers of a range of commodities — oil, natural gas, grains, metals — whose prices rise during big global events such as war. Those higher prices eventually ripple to grocery stores and the gas pump, and this conflict is no different.
The U.S. imports relatively little from Russia directly, but what happens there and in Europe has wide knock-on effects. Russia is the world’s second-biggest natural gas producer, behind the U.S., and it is among the top three in oil production, along with the U.S. and Saudi Arabia, supplying about 10% of what’s consumed worldwide. (Higher oil prices in global markets translate directly to higher prices at your gas station — gasoline is one of many products made from crude oil.)
Step-by-step explanation: