The shares of ConocoPhillips (NYSE: COP) have touched the highs of $100 in recent months, assisted by skyrocketing benchmark oil & gas prices and rising transportation demand. While the geopolitical uncertainty due to the Russia-Ukraine war is leading to spikes in benchmark oil prices, rising inflation is jeopardizing global economic growth and triggering measures such as new energy security alliances. While the West has imposed stringent sanctions on Russia, the oil & gas embargo is a difficult decision due to multiple transportation and economic concerns.