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4/3/2025

Oil Prices Plunge 7% as Trump Tariffs and OPEC+ Supply Hike Shake Global Markets

Oil prices took a dramatic hit on Thursday, tumbling over 7% as panic selling gripped financial markets. The sharp decline followed former President Donald Trump’s announcement of sweeping new tariffs and an unexpected supply increase from OPEC+, both of which fueled uncertainty about global demand and market stability.

3 min read