Would military action between Ukraine and Russia really affect stocks much?

CNBC goes on and on every day about how stocks are selling off because of "global concerns" over Russia + Ukraine, Gaza, etc.

Gaza has been fighting with Israel for ages, and while tragic, I don't see how it affects markets.

As for Ukraine, as I understand, even after 9/11, stock returned to their previous levels in just a month.

So why all the fuss over Ukraine? It will be forgotten in a couple weeks, right? Or is there something I'm missing?
Russia has launched a trade embargo on EU products and Americans.

The main indices except China are going down quickly because they are feeling this block going to cause losses of shares listed on the major company in the markets which operate in Russia.

In this time invest in companies food or company drinks and air transport may be or maybe definitely is a great dange.

Example: Italy exports 700 million food in Russia. Now with the trade embargo this will be a big loss for the companies.
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