Oil tanks to multi-year lows as trade war escalates, cratering demand fears rise
Friday, 4 April 2025 () In This Article: Oil futures tanked more than 8% to touch multi-year lows on Friday after China retaliated against Trump administration tariffs, deepening fears of cratering demand amid a full-blown trade war. West Texas Intermediate (CL=F), the US benchmark sank as much as 8% to trade near $62…
Trump's ‘Liberation Day': Donald Trump has officially declared April 2 as "Liberation Day," announcing sweeping tariffs that will impact all foreign nations. The White House insists these measures will "free the U.S. from reliance on foreign goods," but global markets are already reacting with...
As global stock markets reel from a historic downturn—fueled by U.S. tariffs and heightened recession fears—Saudi Arabia stands out as an unexpected outlier. On Monday, the Tadawul All Share Index..
Oil prices have plunged to a four-year low, with Brent crude falling below $64 per barrel amid intensifying US-China trade tensions. The collapse follows Trump’s sweeping tariff move and China’s..
Countries have vowed to hit back at US President Donald Trump's global tariffs onslaught, as markets tumble over fears his trade war would damage the world economy. Trump spared almost no nation on his..
Friday, 4 April 2025 ()
!['Oil Over Panic': Saudi Arabia’s Markets Climb Despite Global Stocks Plunge After Trump Tariffs [Video]](https://video.newsserve.net/300/v/20250407/1407397498-Oil-Over-Panic-Saudi-Arabia-Markets.jpg)
![World at War After Trump Tariffs: Oil Prices Crash to 4 Year Low | Brent Sinks Below $64 [Video]](https://video.newsserve.net/300/v/20250407/1407378320-World-at-War-After-Trump-Tariffs-Oil-Prices.jpg)
![China, EU hit back at Trump's tariffs as trade war intensifies [Video]](https://video.newsserve.net/300/v/20250403/1406971560-China-EU-hit-back-at-Trump-tariffs.jpg)
