{"id":118233,"date":"2025-08-29T10:07:35","date_gmt":"2025-08-29T06:07:35","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=118233"},"modified":"2025-08-29T10:07:39","modified_gmt":"2025-08-29T06:07:39","slug":"oil-prices-slip-as-geopolitical-risks-and-tariffs-cloud-outlook","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-slip-as-geopolitical-risks-and-tariffs-cloud-outlook\/08\/29\/market-updates\/","title":{"rendered":"Oil Prices Slip as Geopolitical Risks and Tariffs Cloud Outlook"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Oil prices fell in Asian trading on Friday, reversing some of Thursday\u2019s gains, amid fading hopes for a <strong>Russia-Ukraine peace deal<\/strong> and renewed focus on <strong>U.S. tariffs on India<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Brent October futures<\/strong> dropped <strong>0.8%<\/strong> to <strong>$68.10\/barrel<\/strong>.<\/li>\n\n\n\n<li><strong>WTI crude futures<\/strong> fell <strong>0.7%<\/strong> to <strong>$64.14\/barrel<\/strong>.<\/li>\n\n\n\n<li>Both contracts are on track for <strong>monthly losses exceeding 6%<\/strong>, pressured by <strong>steady OPEC production increases<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p><strong>Geopolitical factors:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Peace prospects between Russia and Ukraine have weakened, with <strong>continued attacks on Kyiv<\/strong> and no confirmed meeting dates for direct talks.<\/li>\n\n\n\n<li>Analysts note that <strong>ongoing risks of sanctions and secondary tariffs<\/strong> continue to weigh on the market.<\/li>\n<\/ul>\n\n\n\n<p><strong>Tariff impact on India:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>U.S. doubled tariffs on Indian imports<\/strong> to <strong>50%<\/strong> starting August 27, aiming to reduce India\u2019s Russian oil purchases.<\/li>\n\n\n\n<li>Indian refiners briefly paused Russian imports but have resumed, highlighting that <strong>tariffs alone have not significantly curtailed flows<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>Overall, oil markets are navigating <strong>geopolitical uncertainty and mixed supply-demand signals<\/strong>, keeping volatility elevated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell in Asian trading on Friday, reversing some of Thursday\u2019s gains, amid fading hopes for a Russia-Ukraine peace deal and renewed focus on U.S. tariffs on India. Brent October futures dropped 0.8% to $68.10\/barrel. WTI crude futures fell 0.7% to $64.14\/barrel. Both contracts are on track for monthly losses exceeding 6%, pressured by &hellip;<\/p>\n","protected":false},"author":9,"featured_media":102545,"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":[38,6827,49,37,36],"tags":[],"class_list":["post-118233","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118233","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=118233"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118233\/revisions"}],"predecessor-version":[{"id":118234,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118233\/revisions\/118234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/102545"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}