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

China's vast oil reserves and reduced imports helped stabilize global prices. This strategy mitigated the impact of the ongoing conflict in the Middle East. The nation's energy self-reliance plan proved effective in weathering market volatility. While tensions persist, China's actions softened price increases for many nations. This approach is seen as a vindication of President Xi's long-term energy strategy.