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Pump and circumstance: is China the new OPEC? artwork
News & Politics

Pump and circumstance: is China the new OPEC?

The Economist: The week ahead by The Economist

Aug 12, 202620:22News & Politics

The Iran war triggered the largest supply shock in the history of petroleum, yet prices never rose as high as feared. Our correspondent explains how action taken by China steadied global oil flows. Why Brazil has such st...

About This Episode

Pump and circumstance: is China the new OPEC? is an episode from The Economist: The week ahead by The Economist. The Iran war triggered the largest supply shock in the history of petroleum, yet prices never rose as high as feared. Our corre...

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Published Aug 12, 2026, 20:22 long, audio available.

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