September 19, 2026
Oil prices are high but could be much worse. Trump has China’s Xi to thank for that
“We’ve been free-riding off Beijing in a weird way,” said Rosemary Kelanic, director of the Middle East program at Defense Priorities, a Washington think tank. “China’s doing it because they understand that they’re on the train that Trump is driving off a cliff. If oil prices go way up, that hurts the global economy. If it hurts the global economy, it hurts them.”
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