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Don Dawson

Will Trump's Tariff Threat on Russian Oil Shake the Market, or Is It Just More Talk?

Oil United States Donald Trump MRCI Ukraine Barchart

Oil prices increased following US President Donald Trump's latest tariff threat on countries importing Russian crude, with WTI seeing gains of 3% today on the news. Additionally, he tied the statement to the progress on a ceasefire agreement in Ukraine. However, skepticism among traders kept the rally in check, as many questioned whether the proposal would materialize into actual policy. 

What else is behind these higher oil prices?  

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