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Trump Tariff Comments Trigger Oil Price Decline ...Middle East
Crude futures fell over 2% Thursday as traders reacted to fresh tariff threats from U.S. President Donald Trump, raising alarms over future oil demand in key growth markets. At 12:19 p.m. ET, Brent crude was trading down 1.80%, at $68.93 per barrel, while WTI dropped to $66.97, shedding 2.06% on the day. In comments made Wednesday evening, Trump warned of a broadening tariff regime targeting Chinese imports, citing ongoing imbalances and Beijing’s trade practices. While no specific measures were announced, the tone of escalation rattled energy…
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