Will Oil Prices Soar as the U.S.-Iran Truce Frays? The Answer Lies With China.

For decades, OPEC influenced the market by how much oil it produced. But China, the largest importer, is demonstrating its remarkable power over prices.For decades, OPEC influenced the market by how much oil it produced. But China, the largest importer, is demonstrating its remarkable power over prices. Oil (Petroleum) and Gasoline, Prices (Fares, Fees and Rates), Organization of the Petroleum Exporting Countries, Energy and Power, International Relations, China, Iran, Strait of Hormuz, US and Israeli Attack on Iran (2026) Read More