Will Oil Prices Rise as the US-Iran Truce Frays? The Answer Lies With China. NYT - Energy & Environment By: Rebecca F. Elliott and Lisa Friedman 13 July 2026 at 19:00 For decades, OPEC influenced the market by how much oil it produced. But China, the largest importer, is demonstrating its remarkable power over prices. © Agence France-Presse — Getty ImagesA tanker at a crude oil terminal in Qingdao, China. Typically the world’s largest oil importer, China slashed purchases this spring.
Oil Market Calm Shattered by Fresh Hostilities Between US and Iran NYT - Energy & Environment By: Rebecca F. Elliott and Lisa Friedman 8 July 2026 at 19:45 Oil prices are likely to remain volatile as long as the United States and Iran are unable to resolve the status of the Strait of Hormuz. © The New York Times
Oil Prices Return to Prewar Levels After Four Months NYT - Energy & Environment By: Gregory Schmidt · Rebecca F. Elliott and Lisa Friedman 26 June 2026 at 22:23 The cost of crude has become a real-time barometer of the Iran war’s toll on the global economy. © The New York Times
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