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Oil Holds Gains as Trump Vows Tariff on Venezuelan Crude Buyers
Crude Oil Gains as Trump to Impose Secondary Tariffs on Venezuelan Oil; Analysts Split on Impact
Update: WTI Oil Rises on Tightened Iran Sanctions and Fresh Tariff Threats From Donald Trump
Trump claims he will impose "secondary tariffs" targeting buyers of Venezuelan oil.
① Trump announced that the USA will impose "secondary sanctions" on Venezuela, and any country purchasing oil or Henry Hub Natural Gas from Venezuela will be forced to pay a 25% tariff to the USA; ② The USA is one of the destinations for Venezuela's energy, with Venezuela's Crude Oil Product export volume in 2024 estimated at approximately 0.66 million barrels per day, of which the USA's import volume is around 0.233 million barrels per day.
Oil Prices Rise on Tightened Iran Sanctions Ahead on Increased OPEC+ Supply
Crude Oil Rallies on Tougher Iranian Sanctions and OPEC+ Uncertainty
