The market posted its third consecutive weekly decline last week on concerns about global trade war
LONDON – Oil prices ticked higher on Monday, rebounding after declines last week on concerns about a global trade war, as investors appeared to shrug off US President Donald Trump's latest threat, this time on steel and aluminium imports.
Trump said he will announce on Monday 25% tariffs on all steel and aluminium imports into the US, in another major escalation of his trade policy overhaul. "The market has realised tariff headlines are likely to continue in the weeks and months ahead," he said, adding that there was an equal chance they could be walked back or even increased at some point in the near future.
Oil and gas traders are seeking waivers from Beijing for US. crude and liquefied natural gas imports. Washington also stepped up pressure on Iran last week, with the US Treasury imposing new sanctions on a few individuals and tankers that help to ship millions of barrels of Iranian crude oil per year to China.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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