How China and U.S. eased the Middle East oil shock and kept prices from spiking even higher
- Posted on May 15, 2026
- By CNBC
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- 1 min read
How China and U.S. eased the Middle East oil shock and kept prices from spiking even higher
China and the U.S., the world's two largest economies, wield great influence over the oil market and are using it to help plug the supply gap.
