Friday, 16 May 2025 () Oil prices climbed on optimism over eased U.S.-China trade tensions, with ICE Brent nearing $65 per barrel by week’s end as fears of punishing tariffs faded. Donald Trump’s comments on a potential Iran nuclear deal have been the defining bearish moment of this week, however inertia from the market’s robust recovery last week, still riding high on the euphoria of not having debilitating tariffs on US imports to China, managed to lift ICE Brent around $65 per barrel towards the end of the week. With the Russia-Ukraine ceasefire…
Oil prices have plunged to a four-year low, with Brent crude falling below $64 per barrel amid intensifying US-China trade tensions. The collapse follows Trump’s sweeping tariff move and China’s..
Friday, 16 May 2025 ()
![World at War After Trump Tariffs: Oil Prices Crash to 4 Year Low | Brent Sinks Below $64 [Video]](https://video.newsserve.net/300/v/20250407/1407378320-World-at-War-After-Trump-Tariffs-Oil-Prices.jpg)
