“…The literature on the effects of US-China political tensions and trade war on the oil market is inexistent. As noticed by Bouoiyour et al (2019), most studies dealing with political tensions and events concern their impact on stock returns and their volatility, not the oil market (see, e.g., Carlomagno and Albagli (2022) for a recent illustration). However, there are some rare papers (see Section 2) related to the oil market, but they mainly focus on the impact of tensions in the Middle East (see, e.g., Alhajji and Huettner, 2000;Coleman, 2012;Chen et al, 2016).…”