Fear enters the oil markets

The Russian invasion of Ukraine on Thursday triggered an immediate jump in oil prices. POLITICO’s Ben Lefebvre explains how wartime hostilities and the sanctions imposed by the U.S. and the European Union could send them soaring even higher. Kelsey Tamborrino is a reporter covering clean energy and is the host of the POLITICO Energy podcast. Ben Lefebvre is an energy reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Carlos Prieto is an audio producer for POLITICO. Raghu Manavalan is a senior editor for POLITICO audio. Jenny Ament is the interim executive producer of POLITICO’s audio department.