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Oil prices experienced a notable decline on Monday, as multiple factors weighed heavily on the market, including U.S. import tariffs, increasing production from OPEC+ countries, and growing concerns over global economic growth. The decline marks the continuation of a trend that has seen oil prices drop for several consecutive weeks. As of 0720 GMT, Brent […]
The U.S. economy faces a significant challenge as it navigates the complex interplay of persistent high inflation, rising tariffs, and the Federal Reserve’s efforts to stabilize economic conditions. As President Trump continues to threaten new tariffs, particularly targeting countries like China, Mexico, and Canada, the central bank is under pressure to rethink its approach to […]
Oil prices are headed for a weekly decline as heightened concerns over global trade tensions and potential tariffs threaten to disrupt the energy markets. The latest round of uncertainty stems from U.S. President Donald Trump’s tariff proposals, which have cast a shadow over global oil trade. With tariffs looming on imports from countries such as […]
The U.S. dollar faced its steepest drop since November 2023, as global markets reacted to President Donald Trump’s ambiguous stance on trade tariffs. The dollar index, which measures the strength of the U.S. currency against a basket of six other major currencies, fell by as much as 1.3% by late afternoon in New York, signaling […]
