How China and U.S. eased the Middle East oil shock and kept prices from spiking even higher
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Source: CNBC
Published: 2026-05-16 00:58 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Asia, Military & Defence, Iran, Energy, Economy & Finance, China, Financial Markets, US Politics, Business & Economy, War & Conflict, Asia Pacific
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Snippet:
China and the United States have provided critical support to the oil market and helped ease the huge supply disruption in the Middle East and kept energy prices from surging even higher.
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