WorldPing logo WorldPing← All news

‘We’ve been free-riding off Beijing in a weird way’ — Oil prices are high but could be much worse. Trump has China’s Xi to thank for that

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Fortune
‘We’ve been free-riding off Beijing in a weird way’ — Oil prices are high but could be much worse. Trump has China’s Xi to thank for thatWorldPing
Image via Fortune.

What happened

“China’s doing it because they understand that they’re on the train that Trump is driving off a cliff.

If oil prices go way up, that hurts the global economy.

If it hurts the global economy, it hurts them.”…

Key facts

  • Reported by Fortune and published Sat, 19 Sep 2026 15:00:29 UTC.

Why it matters

Economic releases and corporate results feed directly into rate expectations, currency moves and equity pricing, so the detail here often matters more to markets than the headline itself.

What to watch next

  • Revisions to the initial figures once fuller data is released
  • How rate expectations and index futures respond
  • Guidance or commentary from the companies and policymakers involved

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Trump signs bill imposing sanctions on Russia and giving him more power to levy tariffs

  2. The Gates Foundation is spending $400 million on AI in schools. Teachers warn it could ‘end up widening’ the divide it’s meant to close

  3. Trump signs Ukraine war sanctions bill that threatens up to 100% tariffs on the top five importers of Russian oil or gas, with some exceptions

  4. Trump administration starts building border wall in Big Bend region of Texas, despite heavy opposition from landowners, businesses and ranchers

  5. ‘We’ve been free-riding off Beijing in a weird way’ — Oil prices are high but could be much worse. Trump has China’s Xi to thank for that

Sources

The original report was published by Fortune. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Fortune

Follow the story

Living hubs that keep updating as this story develops.

Related WorldPing coverage