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China is expected to become a buyer of Russian oil, highlighting ongoing shifts in global energy trade.
Brian Sullivan also notes that Russia continues to sell large volumes of liquefied natural gas to Europe, but Russian President Vladimir Putin has raised the possibility of cutting off these supplies. This adds uncertainty to European energy security and global commodity markets.
The current volatility in global energy flows mirrors earlier concerns about potential disruptions in the Strait of Hormuz, where shipping risks have threatened to trigger significant oil and gas price spikes. Recent developments also parallel earlier observations of heightened oil price weakness as market pressures persist, highlighting the broader sensitivity of energy markets to geopolitical shifts.