Surge in Crude Oil price to 109 USD per barrel will reflect in spike in Global inflation

Surge in Crude Oil price to 109 USD per barrel will reflect in spike in Global inflation.

Crude oil prices will cool down only once the Russia Ukraine war crisis end.

Increase central bank interest rates can not control Crude Oil prices.

But all National Governments if they work with oil and gas companies to increase productivity then it will control crude oil prices.