The leaders of Russia, Saudi Arabia and the U.S. are battling to reverse a collapse in oil charges that has hurt their economies much more than they envisioned and has threatened to result in political damage for every.
The big drop in oil prices—sparked by a Saudi-Russia feud and a sharp fall in need many thanks to the coronavirus pandemic—has strike all three of the men’s supporters at a second when their economies are falling toward economic downturn.
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