... Philippines) and is seeking an extension of the tariff truce with China while limiting oil imports from Russia and Iran. All these initiatives aim to reshape global energy supply chains, strengthen the positions of American exporters, and further weaken Russia’s ... ... difficulties due to the high cost of imported fuel – many developing economies are forced to subsidize gasoline prices to avoid social unrest. Meanwhile, in the Middle East and India, record levels of oil refining at refineries oriented towards exporting ...