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Oil markets are bracing for impact as President Trump’s aggressive trade and energy policies create fresh uncertainty. Prices have been on a rollercoaster ride in recent weeks, with Brent crude trading a month ago at $76.30, shooting up to $82, then falling back down on Tuesday to $75.95 per barrel (+0.07%). But the real storm may still be ahead, as the White House aims to squeeze Iranian oil exports to zero and slap a 25% tariff on imports from Canada and Mexico.
Major Wall Street banks are adjusting their expectations accordingly—but that was before Tuesday’s crackdown on Iran.
