“The market has been complacent,” Chen Chien-Ming, an associate professor at NTU, says, blaming investors' "wishful thinking that the war will soon end.”

The economic warnings are bleak, but full extent of shortages are still not felt for many European countries

“The market has been complacent,” Chen Chien-Ming, an associate professor at NTU, says, blaming investors' "wishful thinking that the war will soon end.”

The oil market faces the largest supply disruption in its history, yet prices aren't that high compared to the past. Wall Street analysts have five reasons why.