China’s oil-market power versus OPEC’s
The Economist says the Iran war has shown China can singlehandedly stabilize the global oil market for many months.
TLDR
The Economist argues that China’s ability to stabilize the global oil market sets it apart from OPEC. It says the Iran war has demonstrated China can do so singlehandedly over many months—a feat OPEC’s leaders “can only dream of.”
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