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Europe & Russia

Trump’s Venezuela Tariffs Drive Oil Price Spike

OMC Editorial Desk 1 year ago 1 min read

The global energy market is once again navigating significant geopolitical turbulence as former U.S. President Donald Trump declared his intent to impose substantial tariffs on nations purchasing Venezuelan oil and gas. This strategic move, announced via his Truth Social platform, outlines a 25% tariff on any country engaging in such transactions, set to commence on April 2nd. Trump, marking this date as “Liberation

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