...For the average person, $100 oil may seem like a distant problem, but its rise is gradually impacting virtually everything. More expensive gasoline and diesel are driving up the cost of transportation, food production, delivery, and heating. Diesel is particularly sensitive: global supplies from Russia and the Persian Gulf have declined, creating a shortage and driving up fuel prices. On September 14, US President Donald Trump called on Ukraine to stop attacks on Russian diesel fuel production and storage infrastructure, stating that the situation was impacting the global market.

The most interesting thing is that the problem may not be a short-term blip. The International Energy Agency warned that market disruptions are already becoming more prolonged, and reserves and the ability to quickly compensate for lost supplies are limited. Therefore, the coming months could pose a serious test for the global economy: central banks will have to simultaneously combat inflation and consider the risk of a slowdown in economic growth.