Oxford University is set to elect a new chancellor amid rising tensions over China's influence in the UK. Leading candidates William Hague advocates for vetting Chinese students due to security concerns, while Peter Mandelson promotes closer ties with China, reflecting a broader geopolitical debate. The outcome will shape the university's future engagement with China and its role in British soft power.
Oil supply is expected to exceed demand early next year, especially with OPEC+ increasing production. The recent Israeli strikes on Iranian targets have not escalated tensions significantly, leading to a potential decline in oil prices as the market anticipates a reduction in the war premium. Traders are likely to shift focus back to the bearish supply-demand outlook for 2025.
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