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Oil price rises as Trump threatens Russia tariffs within 12 days
short by / on Wednesday, 30 July, 2025
Oil prices climbed Wednesday as Trump warned of 100% tariffs on Russian oil buyers unless Moscow ends the Ukraine war. Brent rose 0.8% to $73.06, WTI gained 0.7% to $69.67. JP Morgan noted India may comply with sanctions, risking 2.3M bpd exports. India and China, two of the world’s top crude importers, are the biggest buyers of Russian oil.
read more at Stocktwits