Associated Press September 19, 2026 • 04:08

Oil prices are high but could be much worse. Trump has China’s Xi to thank for that - AP News

By Aamer Madhani

Oil prices are high but could be much worse. Trump has China’s Xi to thank for that - AP News

President Donald Trump’s conflict with Iran has not led to the doomsday oil price spike many feared at the start of the war. Energy analysts credit China’s oil strategy for this stability. China weathered the energy crunch by building a massive oil reserve an…

WASHINGTON (AP) It could be much worse.
When President Donald Trump launched his war against Iran in late February, energy analysts issued dire warnings that oil prices could more than double during… [+7412 chars]

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