Trump's EU Tariff Threat Puts Oil Prices Under Pressure ...Middle East

Trump's threat to place a 50% tariff on the EU has renewed demand concerns in oil markets, with both Brent and WTI set to finish the week lower. Friday, May 23rd, 2025 What seemed to be a much-needed rangebound trading week with ICE Brent hovering around $64-65 per barrel without any distinct trend developing was changed by President Trump’s 50% tariff threat on Europe, triggering a new wave of macroeconomic concerns. Should US-EU tensions persist, next week’s OPEC+ meeting (and expected 411,000 b/d unwinding into July) could see…

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