Reported 2 days ago
The oil market remains stable as traders digest President Trump's threats to impose tariffs on Russian energy purchases, particularly affecting India as one of its major buyers. While West Texas Intermediate prices were minimally changed, Trump's announcement came alongside new sanctions against Iran. Analysts indicate that while disruptions might emerge from potential tariffs, there has been no significant impact on global oil supply thus far, leading traders to adopt a cautious approach in the face of ongoing geopolitical tensions.
Source: YAHOO