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Ceremonial soldiers parade during the 79th anniversary of the Victory Day in Red Square in Moscow, Russia, on May 9, 2024. (Sefa Karacan via Getty Images)
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Gas prices hit over 6 dollars per gallon at a petrol station in Los Angeles, California, on February 23, 2022. (Getty Images)
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U.S. oil production has fallen from pre-pandemic levels, and shortages of both oil and gas are contributing to global inflation and slower growth. Russia’s war on Ukraine has caused energy prices to spike even higher and has highlighted the vulnerability of U.S. allies that are heavily dependent on Russia’s energy sector. Join Hudson Senior Fellow Thomas Duesterberg for a discussion on these challenges with U.S. Senator Bill Cassidy, a prominent voice on the Senate’s Committee on Energy and Natural Resources.
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Chinese Foreign Minister Wang Yi attends a press conference for the fourth ministerial meeting of the China-CELAC Forum at the Diaoyutai State Guesthouse on May 13, 2025, in Beijing. (Tingshu Wang via Getty Images)
