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EnergyMiddle EastMediumScore 8.0

China and the US support oil market, ease Middle East supply disruption, prevent price surge. 10 million bpd lost from Persian Gulf.

China and the United States have provided critical support to the oil market and helped ease the huge supply disruption in the Middle East and kept energy prices from surging even higher. The oil market has lost about 10 million barrels per day (bpd) of exports from the Persian Gulf.

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