The end of cheap oil ➛ the end of cheap gasoline ➛ increasing angst in car-luvin America:

Saudis and Russia agree to oil output freeze, Iran still an obstacle

Top oil exporters Russia and Saudi Arabia agreed on Tuesday to freeze output levels but said the deal was contingent on other producers joining in - a major sticking point with Iran absent from the talks and determined to raise production.

The Saudi, Russian, Qatari and Venezuelan oil ministers announced the proposal after a previously undisclosed meeting in Doha. It could become the first joint OPEC and non-OPEC deal in 15 years, aimed at tackling a growing oversupply of crude and helping prices recover from their lowest in over a decade.

[…]

I suspect Trump will jump on this as an example of America losing again.