{"id":101530,"date":"2025-10-24T13:20:07","date_gmt":"2025-10-24T13:20:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/101530\/"},"modified":"2025-10-24T13:20:07","modified_gmt":"2025-10-24T13:20:07","slug":"how-markets-are-responding-to-new-tariffs-on-russian-oil","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/101530\/","title":{"rendered":"How markets are responding to new tariffs on Russian oil"},"content":{"rendered":"<p>The <a class=\"externallink\" title=\"\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https:\/\/tradingeconomics.com\/commodity\/brent-crude-oil\">price of a barrel of Brent Crude oil<\/a> was north of $66 on Friday morning. Oil traders have been keeping a close eye on the international benchmark in the wake of the <a title=\"\" class=\"interallink\" href=\"https:\/\/www.marketplace.org\/episode\/2025\/10\/23\/parsing-the-impact-of-fresh-us-sanctions-on-russian-oil\" rel=\"nofollow noopener\" target=\"_blank\">sanctions President Donald Trump announced earlier this week<\/a> on two major Russian oil companies.<\/p>\n<p>The stock market usually doesn\u2019t freak out anymore when the Trump administration announces new tariffs, partly because there\u2019s a good chance those tariffs get rolled back or softened. Global oil traders have applied that lesson to these sanctions, according to Abhi Rajendran at Rice University\u2019s Center for Energy Studies.<\/p>\n<p>\u201cThat&#8217;s partly playing into why we&#8217;re only seeing kind of a couple of dollar response, even though the potential for disruption on paper could be quite large,\u201d he said.<\/p>\n<p>The price of oil going up $4 in a matter of days is significant, but Rajendran doesn\u2019t expect it to rattle the global economy \u2014 a global economy that\u2019s already slowing down and doesn\u2019t need as much oil.<\/p>\n<p>\u201cYou know, the market does have the cushion <a title=\"\" class=\"interallink\" href=\"https:\/\/www.marketplace.org\/story\/2025\/10\/23\/oil-production-is-booming-where-is-it-all-going\" rel=\"nofollow noopener\" target=\"_blank\">to weather maybe a modest supply disruption<\/a>,\u201d Rajendran said.<\/p>\n<p>China and India import a lot of Russian crude, but economist Yuriy Gorodnichenko at UC Berkeley said that American drivers will likely be spared significantly higher gas prices. That\u2019s good news for the Federal Reserve\u2019s fight against inflation.<\/p>\n<p>\u201cWe know, for example, that households have very sensitive inflation expectations. They\u2019re very sensitive to the price of gasoline, price of oil,\u201d he said.<\/p>\n<p>If Americans do see those big black numbers above gas stations going up, research suggests they expect prices of other goods to rise, too \u2014\u00a0<a title=\"\" class=\"interallink\" href=\"https:\/\/www.marketplace.org\/story\/2025\/07\/07\/what-we-expect-inflation-to-be-matters-heres-why\" rel=\"nofollow noopener\" target=\"_blank\">which can be a self-fulfilling expectation<\/a>.<\/p>\n<p>Related Topics<\/p>\n","protected":false},"excerpt":{"rendered":"The price of a barrel of Brent Crude oil was north of $66 on Friday morning. Oil traders&hellip;\n","protected":false},"author":2,"featured_media":101531,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[72,34078,61,60,123,20673,14757,4162],"class_list":{"0":"post-101530","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-gasoline","10":"tag-ie","11":"tag-ireland","12":"tag-markets","13":"tag-oil-prices","14":"tag-russian-oil","15":"tag-tariffs"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/101530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=101530"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/101530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/101531"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=101530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=101530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=101530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}