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Event Brief

China and U.S. ease Middle East oil shock to curb spikes

China and the U.S. use their influence over oil markets to help plug a supply gap and prevent higher price spikes.
WHO: China and the U.S.
WHAT: Use influence over the oil market to help plug the supply gap and keep prices from spiking higher
WHEN: May 15, 2026 at 10:58 AM ET
WHERE: Location not specified
WHY: To plug the oil supply gap and prevent prices from spiking higher

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