Crude oil markets retreat as economic concerns outweigh Trump’s tariff threats
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Euronews.com
24 napja
Crude oil futures prices rose initially due to Trump's tariff threats on Russia and Iran but later fell as concerns over a global economic downturn grew. Oil prices have increased by about 5% since mid-March amid geopolitical tensions, particularly following US strikes on Iran-backed Houthis in Yemen. Trump's comments about imposing tariffs on oil from Russia and Venezuela, along with threats against Iran, have added pressure on crude prices. OPEC plans to increase production, but Trump's tariffs may offset this. Economic fears could dampen oil demand despite geopolitical risks. Teljes cikk (Euronews.com)