Oil slides as Trump 15% tariffs hit demand outlook

cryptonews02-23 18:39

Brent, WTI fell ~3–5% Monday after Trump’s 15% tariffs and easing Iran war risk. Summary Brent and WTI declined sharply, testing key technical support levels as futures markets repriced lower ...

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The bank revised its fourth-quarter price forecasts, citing lower inventories among Organisation for Economic Co-operation and Development","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4213":"石油与天然气的勘探与生产","WTI":"W&T海底钻探"},"translate_title":"特朗普15%关税打击需求前景，油价下跌","themeId":"635d621a44be06e038969f87112aca7e","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MCLmain":0.6,"WTI":1},"content_text":"Brent, WTI fell ~3–5% Monday after Trump’s 15% tariffs and easing Iran war risk.\n\n\nSummary\n\n\n\nBrent and WTI declined sharply, testing key technical support levels as futures markets repriced lower demand from higher U.S. import tariffs.\nTrump lifted temporary tariffs from 10% to 15% on all U.S. imports after a Supreme Court ruling, a move analysts say will weigh on trade, industry and fuel consumption.\nIran–U.S. nuclear talks in Geneva cut perceived war risk, reducing the geopolitical premium in crude even as Goldman Sachs still expects a 2026 surplus with modest WTI forecast tweaks.\n\n\n\nOil prices declined sharply on Monday as markets reacted to increased U.S. tariffs and developments in diplomatic negotiations with Iran, factors that analysts said are reshaping near-term expectations for crude demand and supply.\nBrent and West Texas Intermediate (WTI) crude both fell, testing key technical support levels, according to market data.\nPresident Donald Trump raised temporary tariffs from 10% to 15% on all U.S. imports over the weekend, according to a White House announcement. The increase followed a U.S. Supreme Court ruling that struck down the previous tariff program.\nFinancial markets responded with gold prices rising and U.S. equity futures declining. Market analysts stated that oil prices were affected by the same risk-averse trading sentiment. Higher tariffs typically reduce trade volumes, weaken industrial output, and suppress fuel demand, factors that are considered bearish for crude prices, according to commodity analysts.\nA third round of nuclear negotiations between the United States and Iran is scheduled for Thursday in Geneva, Oman’s foreign minister confirmed. Iranian officials have indicated the country may offer concessions on its nuclear program in exchange for sanctions relief, according to diplomatic sources.\nConcerns about potential military conflict in the Middle East had recently supported higher oil prices, but that geopolitical risk premium has diminished as traders assign a lower probability to supply disruptions from the region, market observers said.\nGoldman Sachs forecasts the global oil market will remain in surplus in 2026, assuming no major disruption to Iranian supply, the investment bank stated in a research note. The bank revised its fourth-quarter price forecasts, citing lower inventories among Organisation for Economic Co-operation and Development (OECD) countries as a factor in its WTI adjustment.\nMarket direction remains uncertain in the short term due to unresolved factors including tariff policy, Iran diplomacy, and the Russia-Ukraine conflict, suggesting continued volatility in oil prices, according to market analysts.\n\n\n\n\n\n                Read more:\n            \n\n                Trump-branded crypto sinks 92% from peak amid insider profit, probes","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2613178593","isCrawlerRequest":true}