Peterson even revealed the timeline, saying the pandas should arrive by the end of the year and if everything goes according to plan, the public could see them starting in April of 2026.
"It is not just a question of abrupt policy and rate of tariffs, but the ongoing level of uncertainty and the tit-for-tat approach," says Carole Nakhle, CEO of energy consultancy Crystol Energy. "Add to that the fact that this happened when oil demand was not booming while supply is plentiful, the result is the price levels we are currently seeing."