Are Tariffs About to Slam the Brakes on Oil Demand? ...Middle East

WTI crude came under heavy selling pressure Thursday after the U.S. rolled out a sweeping tariff package that sparked immediate fears of slower global growth and weaker oil demand. Traders weren’t reacting to the direct impact on crude—oil and refined products were excluded—but to the ripple effect across the broader economy. A 10% minimum import tariff on nearly all goods landed like a hammer. It raised the prospect of retaliatory moves, costlier trade, and softer consumption—all red flags for fuel demand. The market didn’t…

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