Part 2/9:
On the first trading day of the month, global oil prices saw an uptick after U.S. President Donald Trump’s announcement of tariffs against key trading partners, including Canada and Mexico, as well as China. This development raised alarms over potential supply disruptions, leading to fears of an economic downturn amid escalating tensions in international trade. Brent crude saw a slight increase, trading at $76.45 per barrel, while WTI was at $73.89. Nevertheless, the market remains wary, as the specter of an all-out trade war looms large.