Trump, Putin, Saudi Crown Prince Scramble to Fix Oil Markets

Elvera Bartels

The leaders of Russia, Saudi Arabia and the U.S. are battling to reverse a collapse in oil prices that has harm their economies much more than they envisioned and has threatened to cause political destruction for each individual.

The major decrease in oil prices—sparked by a Saudi-Russia feud and a sharp fall in demand from customers thanks to the coronavirus pandemic—has strike all three of the men’s supporters at a moment when their economies are falling toward recession.

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