💨 Abstract

Oil prices dropped on Monday due to uncertainty over U.S. tariffs and increased production from OPEC+ members. However, potential sanctions on Iranian oil exports prevented a further decline. Last week marked the seventh consecutive weekly decline for U.S. oil, the longest losing streak since November 2023. President Donald Trump's protectionist policies have caused turmoil in global markets.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖