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The Economic Times

Business

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

Donald Trump China Oil Xi Jinping Iran Beijing Middle East United States Strait of Hormuz Washington D.C.

WASHINGTON - 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.

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