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Op-eds & Essays with Jason Bordoff & Meghan L. O'Sullivan • Foreign Affairs • August 14, 2026
By almost any measure, the world should be suffering a far more severe energy crisis.
When the Strait of Hormuz closed, China's crude imports fell steeply, cushioning the price impact on global markets.
Reporting in the New York Times suggests a key element in the Trump administration's Russia-Ukraine peace plan involves Europe resuming Russian gas imports.
Last week's summit between US President Trump and Chinese President Xi was the second meeting between the two leaders since the US and Israel attacked Iran.
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Op-eds & Essays with Jason Bordoff & Meghan L. O'Sullivan • Foreign Affairs • August 14, 2026