Bitten by inflation, workers are demanding a greater share of the surging profits of energy giants. It’s the kind of unrest leaders fear as they struggle to keep a united front against Russia.
The gains could raise pressure on policymakers, but analysts say the higher prices may be short-lived as refineries in California and Washington restart production.
Italy’s largest refinery, owned by Russia’s Lukoil, has lost financing because of sanctions. Now, it faces the cutoff of its crude supply, putting thousands of jobs at risk.