Summary:
Oil prices gained about 1% today as markets reacted to former President Trump’s tightening deadline for Russia to end hostilities in Ukraine and threats of tariffs on nations trading its oil—especially India. Investors are cautiously assessing geopolitical tensions and U.S. oil inventory data.
Why It Matters:
Energy markets remain highly sensitive to global politics. An extended oil price rally could accelerate inflation and disrupt supply chains—key indicators for economies and investors.
Source: Reuters