"Washington continues to play the oil card against Beijing," analyst Engin Ozer tells Sputnik, adding that the US has shifted from pressuring OPEC+ on oil prices to directly controlling oil resources and imposing sanctions.
However, with the Russian and Chinese naval presence growing in the region, the Middle East power balance may be shifting. "China's naval presence in Djibouti is one of the indicators of this process," Ozer stresses.
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