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Global Energy Sector News for August 10, 2025: U.S. Threatens China with Tariffs, India Resists Pressure, Oil Market Stabilizes
... the details of key news from the raw materials and energy sectors.
Washington Threatens India and China with Sanctions for Purchasing Russian Oil
The United States continues to sharply escalate pressure on countries purchasing Russian oil. President Donald Trump signed a decree on August 6 to impose additional import duties on goods from India, effectively doubling the tariff from 25% to 50%. These tariffs will take effect in 21 days and are a response to New Delhi's refusal to curtail its Russian oil imports....
The First White House Report on Digital Assets: Opportunities and Risks for Investors
... First Report on Digital Assets: Opportunities and Risks for Investors
In 2025, the White House
published the first official report
on digital assets, charting a new course for the U.S. in this rapidly evolving field. The administration of President Donald Trump aims to strengthen America's leadership in digital financial technologies and usher in a "golden age" for cryptocurrencies by fostering blockchain innovation, attracting investment, and promoting responsible industry growth. According ...
An expert assessed the risks of a decline in oil prices.
... in oil prices. At its latest meeting, the OPEC+ alliance extended the current production quotas until March 2025, but the markets were not encouraged: Brent oil prices are currently in the range of $72-75 per barrel.
Tereshkin suggests that after Donald Trump's inauguration, the average annual prices could fall below $70 per barrel, as the new U.S. president plans to ease restrictions on drilling operations. Additionally, the increase in oil production in Guyana and Brazil will have an impact.
"However,...
Desert Without a Storm: Why Oil Prices Aren't Breaking Records
... market isn't hitting records and what influences fuel costs.
On Friday, June 13, following an extensive bombardment by Israel of Iranian territory, oil prices predictably surged by 13% but quickly fell back. The parties continue to exchange strikes; Donald Trump prematurely left the G7 summit over the Middle Eastern situation, summoning Security Council members to the White House to demand Iran's complete surrender. Oil prices spiked again but soon stabilized. What is preventing market players from panicking,...
An expert explained how Iran's return to the oil market will affect prices.
... China, Russia, the United States, France, and Iran signed the nuclear deal – the Joint Comprehensive Plan of Action (JCPOA), which involved the lifting of sanctions in exchange for limitations on Iran's nuclear program. In May 2018, under President Donald Trump, the U.S. withdrew from the JCPOA and reinstated sanctions against Tehran. In response, Iran announced a phased reduction of its commitments under the agreement, abandoning restrictions on nuclear research, centrifuges, and uranium enrichment level....