G7 Plans 100% Tariffs on Russian Oil Buyers - Why This Backfire Could Cost You
Key Points
- G7's proposed tariffs on Russian oil might ironically streng...
The G7's brilliant plan to slap 50-100% tariffs on countries buying Russian oil has all the strategic finesse of trying to stop a leak by flooding the basement. With WTI crude sitting at $61.95 per barrel on Friday, traders are already pricing in the delicious irony of sanctions that might accidentally help the very regime they're meant to hurt.
President Trump's latest diplomatic masterstroke targets China and India for their stubborn habit of buying cheap Russian oil instead of expensive American freedom fuel. The logic seems bulletproof: make Russian oil so expensive that nobody will buy i...
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