Oil diplomacy

Oil diplomacy refers to the strategies countries use to influence global oil markets and maintain access to affordable energy. Since oil is vital for economies and daily life, nations may use negotiations, alliances, or policies to secure oil supplies, manage prices, and protect their interests. This can involve partnering with oil-rich countries, engaging in international agreements, or leveraging economic tools to ensure energy stability. Essentially, oil diplomacy is how countries navigate their relationships and policies around oil to support their economic and strategic goals.