Tariff Turmoil, and OPEC+ Anxiety Keep Pressure on Prices

As of Thursday’s close, crude oil futures were down $1.16 or 1.81% on the week, with prices struggling to hold any meaningful rebound in the face of renewed geopolitical tension, potential supply growth, and macroeconomic headwinds. Though the market attempted to stabilize after early-week losses, sentiment remained fragile as traders weighed risks tied to Iran, OPEC+ output decisions, and the global trade environment. Iran Supply Fears Stir Market Volatility Oil began the week under pressure as optimism grew around U.S.-Iran nuclear negotiations.…