Commodities: Oil Shrugs Off Trump's Russia Tariff Threat
Source: SeekingAlpha
2025-07-15 04:25:00 ET
By Warren Patterson , Ewa Manthey
Energy - The oil market doesn't buy the secondary tariff threat
ICE Brent settled a little more than 1.6% lower yesterday, taking prices back below US$70/bbl, despite President Trump’s “major statement” on Russia. Trump threatened to impose secondary tariffs of 100% on Russia if President Putin didn’t make a deal within 50 days to end the war in Ukraine. The lack of any immediate action and the belief that these threats won’t be carried out help to explain the market reaction....
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Commodities: Oil Shrugs Off Trump's Russia Tariff Threat
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