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

The leaders of Russia, Saudi Arabia and the U.S. are struggling to reverse a collapse in oil prices that has hurt their economies more than they expected and has threatened to cause political damage for each.

The big decline in oil prices—sparked by a Saudi-Russia feud and a sharp drop in demand thanks to the coronavirus pandemic—has hit all three of the men’s supporters at a moment when their economies are falling toward recession.

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