Russia-Ukraine War's Global Economic Impact Intensifies, Affecting Markets and Food Security

The conflict between Russia and Ukraine is increasingly impacting global markets and supply chains, according to recent reports. The International Energy Agency (IEA) and OPEC have both cut their global oil demand outlooks for 2026, citing the prolonged conflict and elevated prices. UN officials have also warned the Security Council that intensified hostilities, including attacks on third-party merchant vessels in the Black Sea, are imperiling global food security and have led to a 20 percent spike in wheat prices.