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Oil markets wait to see if Trump's Russian oil tariff threat is a bluff


//business-finance.news-articles.net/content/202 .. rump-s-russian-oil-tariff-threat-is-a-bluff.html
Published in Business and Finance on by Reuters   Print publication without navigation

Oil markets on Monday shrugged off U.S. President Donald Trump's threat to hit buyers of Russian oil with tariffs as the shock value of the barrage of threats from the White House begins to wear thin with jaded traders.

The article from MSN discusses the uncertainty in oil markets following former U.S. President Donald Trump's threat to impose tariffs on Russian oil. Trump's comments, made during a campaign event, suggested a potential 60% tariff on Russian oil imports if he were to return to office. This statement has led to speculation and concern among oil traders and analysts about the future of oil pricing and supply, especially given the current geopolitical tensions and the U.S.'s role in global oil trade. The market is currently in a wait-and-see mode, assessing whether Trump's threat is merely a political maneuver or a serious policy intention. The potential impact of such tariffs could significantly disrupt global oil markets, affecting both supply chains and prices, and could lead to retaliatory measures from Russia. However, as of now, no concrete actions have been taken, leaving the oil industry in a state of cautious observation.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/oil-markets-wait-to-see-if-trumps-russian-oil-tariff-threat-is-a-bluff/ar-AA1BYQjq ]

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