Tag: Strategic Petroleum Reserve
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U.S. and China Hold the Keys to Containing a Mideast Oil Shock
By Ron Bousso A serious military confrontation between the U.S. and Iran could trigger a major disruption in Middle East oil supplies. The vast oil reserves the U.S. and China hold could prove critical in containing it. For now, uncertainty dominates ...
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Russia’s President Vladimir Putin, China’s President Xi Jinping, and Indonesia’s President Prabowo Subianto, before a military parade, Tiananmen Square, Beijing, Sept. 3, 2025. Sergey Bobylev/POOL/AFP/Sputnik
By Peter Apps As U.S. Vice President JD Vance returned to Washington last weekend after unsuccessful peace talks in Pakistan over the crisis in the Gulf, China’s Foreign Ministry was preparing for a bumper slate of visitors, including Russian Foreign Minister Sergei Lavrov and the leaders ...
U.S. and China Hold the Keys to Containing a Mideast Oil Shock
By Ron Bousso A serious military confrontation between the U.S. and Iran could trigger a major disruption in Middle East oil supplies. The vast oil reserves the U.S. and China hold could prove critical in containing it. For now, uncertainty dominates ...