WS #14033
Oil prices fell >2% despite ADNOC vessel attacks and IEA warning of depleting stockpiles, as demand concerns and potential supply shuttling offset geopolitical risk. Trump signed proclamation imposing 100% tariffs on sensitive drones, 15% on EU/JP/KR/TW, 10% on UK, effective 21-180 days, impacting defense and tech supply chains.
Oil retreat and Middle East tensions
Oil prices fell >2% despite ADNOC vessel attacks and IEA warning of depleting stockpiles, as demand concerns and potential supply shuttling offset geopolitical risk.
Trump signed proclamation imposing 100% tariffs on sensitive drones, 15% on EU/JP/KR/TW, 10% on UK, effective 21-180 days, impacting defense and tech supply chains.