Is Trump's Trade War Crippling Global Oil Demand? ...Middle East

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Is Trumps Trade War Crippling Global Oil Demand?
source : OILPRICE ( Middle East ) () 72
Crude oil futures endured a relentless sell-off this week as escalating trade tensions between the U.S. and China deepened fears of an economic slowdown, triggering a widespread reassessment of demand expectations. The fallout from tit-for-tat tariffs—now reaching an astonishing 145% on Chinese goods—has severely undermined confidence in the global consumption outlook, particularly from China, the world’s second-largest crude importer. Investor sentiment took a hit early in the week as oil prices plunged nearly 4% on Monday alone,…

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