From MS NOW.
Two months into the war with Iran, the price of oil and gas is high, and MS NOW Business Analyst Ron Insana explains that "the price here is not coming down" any time soon. From transportation to plastics, crude oil is essential to the global economy, so the current oil crisis "extends well beyond gasoline" to become "a global problem." The complicated, intertwined nature of oil markets and the global economy means that "this is going to be a protracted problem," Insana explains.
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