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Global Trade Disruptions Are About to Get Worse

European Shipping Hubs As Tanker Rates Surge Ahead Of OPEC Deal
Photographer: Andrey Rudakov/Bloomberg

Disruptions in global trade are about to go from bad to worse.

With Russia’s invasion of Ukraine early Thursday, energy costs are soaring, stocks are plunging, Western sanctions are being sharpened, and central bankers already worried about inflation face additional drags from weaker consumer confidence and bigger potential shocks to fragile European economies.