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Oil Markets Ignore Trump's Russia Threats

OilPrice.com Tuesday, 15 July 2025 ()
Oil markets have largely ignored Trump's threats to impose 100% secondary tariffs on any country that buys Russian exports, with prices dropping significantly on Tuesday morning.- European natural gas prices have posted a five-day hot streak as Northeast Asian heatwaves drained South Korean and Japanese inventories, prompting buyers to divert cargoes there, only for Europe to confront its own sultry weather.- Front-month TTF gas futures, the benchmark for the European market, moved up to €35 per MWh ($13/mmBtu) as US President Trump’s…
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