💨 Abstract

President Donald Trump's threats of secondary tariffs on buyers of Russian and Iranian oil have caused oil prices to rise about 1% on Monday. Trump intends to impose tariffs on Russia for hindering efforts to end the war in Ukraine, and on Iran for not agreeing to a nuclear deal. However, some analysts believe Trump may not follow through with the threats, which are putting a cap on oil prices.

Courtesy: theprint.in

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