{"id":116574,"date":"2025-07-15T09:45:00","date_gmt":"2025-07-15T05:45:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=116574"},"modified":"2025-07-15T10:02:42","modified_gmt":"2025-07-15T06:02:42","slug":"oil-prices-dip-after-trumps-tariff-and-sanction-deadline-ease-supply-fears","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-dip-after-trumps-tariff-and-sanction-deadline-ease-supply-fears\/07\/15\/market-updates\/","title":{"rendered":"Oil Prices Dip After Trump\u2019s Tariff and Sanction Deadline Ease Supply Fears"},"content":{"rendered":"\n

<\/p>\n\n\n\n

Oil prices fell on Tuesday after U.S. President Donald Trump\u2019s extended 50-day deadline for Russia<\/strong> to end the war in Ukraine, offering some relief to immediate supply concerns.<\/p>\n\n\n\n

Brent Crude and WTI Retreat:<\/strong><\/h3>\n\n\n\n
    \n
  • Brent crude futures<\/strong> dropped 29 cents<\/strong>, or 0.4%<\/strong>, to $68.92<\/strong> a barrel.<\/li>\n\n\n\n
  • U.S. West Texas Intermediate (WTI) crude futures<\/strong> fell 35 cents<\/strong>, or 0.5%<\/strong>, to $66.63<\/strong>.<\/li>\n<\/ul>\n\n\n\n

    Both contracts had settled more than $1 lower<\/strong> in the previous session, reflecting easing fears about a supply crunch<\/strong> after Trump’s milder stance on sanctions<\/strong> against Russian oil.<\/p>\n\n\n\n

    Supply Concerns Eased by Trump’s Deadline:<\/strong><\/h3>\n\n\n\n
      \n
    • Trump\u2019s 50-day deadline<\/strong> raised hopes that sanctions on Russian oil<\/strong> could be avoided, helping to ease immediate concerns about supply disruptions.<\/li>\n\n\n\n
    • While initial concerns had driven prices higher, the 50-day timeline<\/strong> reassured markets, as traders focused on the uncertainty of whether the U.S. would actually impose steep tariffs<\/strong> on countries continuing to trade with Russia.<\/li>\n<\/ul>\n\n\n\n

      Potential Sanctions and Economic Pressures:<\/strong><\/h3>\n\n\n\n
        \n
      • Trump\u2019s proposed sanctions<\/strong> could dramatically alter the oil market<\/strong>, especially if countries like China<\/strong>, India<\/strong>, and Turkey<\/strong>\u2014which are the largest buyers of Russian crude oil<\/strong>\u2014have to weigh the benefits of buying discounted Russian crude against the cost of their exports to the U.S.<\/li>\n\n\n\n
      • Analysts from ING<\/strong> noted that the impact of these sanctions would depend on whether they are implemented and how major oil buyers balance the risks.<\/li>\n<\/ul>\n\n\n\n

        U.S. Tariff Plans and Economic Growth Risks:<\/strong><\/h3>\n\n\n\n
          \n
        • In addition to the sanctions threat, Trump announced a 30% tariff on most imports<\/strong> from the European Union and Mexico<\/strong> starting August 1. These tariffs add to concerns that economic growth<\/strong> could slow, reducing global fuel demand<\/strong> and putting downward pressure on oil prices.<\/li>\n<\/ul>\n\n\n\n

          Oil Demand Outlook Remains Strong:<\/strong><\/h3>\n\n\n\n
            \n
          • Despite the tariff risks, global oil demand<\/strong> is expected to stay strong<\/strong> through the third quarter, keeping the market balanced in the near term, according to OPEC<\/strong>\u2019s Secretary-General.<\/li>\n<\/ul>\n\n\n\n

            Goldman Sachs\u2019 Oil Price Outlook:<\/strong><\/h3>\n\n\n\n
              \n
            • Goldman Sachs<\/strong> raised its oil price forecast for the second half of 2025<\/strong>, citing supply disruptions<\/strong>, shrinking oil inventories<\/strong>, and production constraints in Russia<\/strong> as key factors supporting the outlook for higher oil prices.<\/li>\n<\/ul>\n\n\n\n

              As geopolitical tensions<\/strong> continue to unfold, the global oil market remains uncertain, with supply disruptions and tariff concerns<\/strong> continuing to weigh on prices.<\/p>\n","protected":false},"excerpt":{"rendered":"

              Oil prices fell on Tuesday after U.S. President Donald Trump\u2019s extended 50-day deadline for Russia to end the war in Ukraine, offering some relief to immediate supply concerns. Brent Crude and WTI Retreat: Brent crude futures dropped 29 cents, or 0.4%, to $68.92 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell 35 cents, …<\/p>\n","protected":false},"author":9,"featured_media":53340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[],"class_list":["post-116574","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/116574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=116574"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/116574\/revisions"}],"predecessor-version":[{"id":116575,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/116574\/revisions\/116575"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53340"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=116574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=116574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=116574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}