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Oil Prices Climb 1% Amid Trump Tariff Plans, Brent Crude Hits $67.56 per Barrel

Oil Prices Climb 1% Amid Trump Tariff Plans, Brent Crude Hits $67.56 per Barrel

New York, August 7, 2025 – Oil prices surged about 1% on Wednesday, with Brent crude futures reaching $67.56 per barrel, as President Donald Trump’s new tariff announcements and a weaker U.S. dollar stirred energy markets. The price hike comes amid concerns over trade disruptions and geopolitical tensions, impacting American consumers and industries reliant on affordable […]