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Oil Prices Tumble Further as Trump’s Tariffs Weigh on Economic Outlook

NYTimes.com Monday, 7 April 2025 ()
Crude oil now costs around 15 percent less than it did before the president revealed his plans to impose stiff new tariffs on imports from most countries.
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News video: 'Oil Over Panic': Saudi Arabia’s Markets Climb Despite Global Stocks Plunge After Trump Tariffs

'Oil Over Panic': Saudi Arabia’s Markets Climb Despite Global Stocks Plunge After Trump Tariffs 03:03

 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 (TASI) climbed 0.67%, closing at 11,191.20, up from 11,077.19 a day earlier. The gain comes despite...

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