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'Extremely turbulent': Russia 'monitoring situation closely' as oil prices fall after Trump's tariff

IndiaTimes Monday, 7 April 2025
The global oil market is facing turbulence following the US's implementation of new tariffs on numerous countries, impacting Russia's budget. Brent crude oil futures have plummeted to their lowest level since April 2021. Kremlin Spokesman Dmitry Peskov expressed concern over the market volatility and assured that Russia is taking measures to safeguard its economy.
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News video: 'Oil Over Panic': Saudi Arabia’s Markets Climb Despite Global Stocks Plunge After Trump Tariffs

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