💨 Abstract

Oil prices increased by 1% to a five-week high on Monday due to concerns that U.S. President Donald Trump might impose tariffs on buyers of Russian oil and take military action against Iran over their nuclear program, potentially reducing global oil supplies. Trump has threatened to impose 25%-50% secondary tariffs on Russian oil buyers and bomb Iran if they do not agree to a deal over their nuclear program.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖