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Oil prices are high but could be much worse. Trump has China's Xi to thank for that.

WASHINGTON (AP) It could be much worse. When President Donald Trump launched his war against Iran in late February, energy analysts issued dire warnings that oil prices could more than double during a protracted conflict and urged investors and motorists to buckle up for a bumpy ride. The war grinds on and oil prices certainly remain volatile. But the most dire projections have not yet come to pass six months into a conflict that has no end in sight. Chinese President Xi Jinping , who is making

19 Sep 2026 9:38 am