Global commodity prices skyrocketed on March 7, as the Russian–Ukrainian conflict has caused industrial buyers and traders to scramble for new sources of raw materials hit by supply disruptions. Russia’s attack on Ukraine nearly two weeks ago has prompted massive sanctions against Russia by the United States and its Western allies. The sanctions against Russia are the most sweeping ever experienced by a large economy. Markets went on a rollercoaster Monday, with oil and metals prices going up and down as new developments hit trader screens. Oil prices spiked after the United States, the United Kingdom, and the European Union said they were considering banning imports of Russian oil and natural gas. The escalating energy crisis shook investors on Wall Street Monday morning, with the Dow Jones Industrial Average plunging more than 650 points, around 2 percent, while the S&P 500 and Nasdaq index were each down more than 2 percent in …