It is being suggested that Trump is planning a host of sanctions across the global economy, where it helps the US consumer.
He is expected to impose stricter energy sanctions on Venezuela, Russia, and Iran, which, of course, will favour the US, the world’s biggest oil producer, as it records the highest oil and gas production levels.
But it is considered that if the global oil markets suffer disruption, then there will be an overall increase in geopolitical tensions that will stir up some speedy response from China.
If Trump proceeds to unsettle the global producers, it is inevitable that oil supplies will reduce, and prices will escalate.
Almost ahead of such measures, the European Gas prices have already been driven to new highs.
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