Oil Pares Slump as China Tariff Delay Follows Signs of Iran Thaw
By Tsuyoshi Inajima,BLOOMBETG
12 בספטמבר 2019, 01:51 GMT+3 Updated on 12 בספטמבר 2019, 05:46 GMT+3
Trump discussed easing Iran penalties to secure Rouhani meet
WTI futures gain as much as 1% after falling 2.9% Wednesday
Donald Trump is stirring up the oil market again as a move to delay the next tariff increase on China pushed prices higher hours after they tumbled on signs he’s prepared to ease sanctions against major producer Iran.
Futures added as much as 1% in New York after falling 2.9% on Wednesday, the biggest drop in four weeks. Trump said he was postponing the imposition of extra tariffs on Chinese goods by two weeks, offering a glimmer of hope for global demand. The U.S. President discussed moderating penalties on Iran at the Oval Office on Monday to help secure a meeting with his counterpart Hassan Rouhani later this month, according to three people familiar with the matter.