Oil Will be at the Top of the Agenda if Trump Meets Xi Jinping, by Larry C. Johnson
The elimination of 32% of global oil production (the Persian Gulf’s approximate pre-crisis share of ~32–33 million barrels per day out of ~100–106 mbpd worldwide) since February 28, 2026, has triggered the largest supply shock in the history of the global oil market, according to the International Energy Agency (IEA), and will be a critical…
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