Trump, Russian oil and tariff
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Oil prices rose after Trump threatened secondary tariffs on Russian and Iranian oil buyers.
From Markets Insider
White House aides have drafted a proposal to impose tariffs of around 20% on most imports to the United States, the Washington Post reported on Tuesday.
From U.S. News & World Report
Economists don't share Trump's enthusiasm for tariffs. They're a tax on importers that usually get passed on to consumers.
From SFGate
Read more on News Digest
Oil prices dipped slightly on Tuesday as worries about the impact of a trade war on global growth outweighed concerns about a hit to supply from threats by U.S. President Donald Trump to impose secondary tariffs on Russian crude and bomb Iran.
Oil prices rose on Wednesday, buoyed by government data showing U.S. crude oil and fuel inventories fell last week and by mounting concerns about tighter global supply following the U.S. threat of tariffs on nations buying Venezuelan crude.
Prices for oil are on the rise after U.S. President Donald Trump said that America will impose secondary tariffs of 25% on any country that
Oil prices reached a three-week high due to decreased U.S. inventories and concerns about tighter supply resulting from sanctions against Iran and Venezuela.
Crude oil prices have declined at the start of the week as traders anticipate potential progress in Ukraine peace talks and await further decisions from OPEC+ regarding production levels.
Florida gas prices continue to seesaw after recently hitting a 15-month low. Last Monday, AAA announced that the state average for a gallon of gas had fallen below $2.96. Those sub-$3 prices didn’t last long. By Thursday, a gallon of regular gas had spiked to an average of $3.15. AAA reported better news on Monday — a 6-cent drop to $3.09.
Oil prices rose yesterday amid growing threats to oil supplies. ICE Brent settled almost 2.8% higher after with Trump threatening secondary tariffs on Russia and Iran. Read more
Prices of gasoline and diesel products at domestic gas stations are to fall NT$0.2 and NT$0.1 per liter respectively this week, even though international crude oil prices rose last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday.
Crude oil and gasoline prices advanced Thursday after the US ramped up sanctions on Iranian crude exports. Crude prices also garnered support from Thursday's better-than-expected US economic ...
Oil prices rose on Wednesday, buoyed by government data showing U.S. crude oil and fuel inventories fell last week and by mounting concerns about tighter global supply following the U.S. threat of tariffs on nations buying Venezuelan crude.