Geopolitical Risk and Tariff Delays Push Oil Prices Higher

Oil prices are set to end the week higher after geopolitical risk climbed and Trump delayed tariff announcements. Friday, July 11th, 2025 Oil prices are set for a marginal weekly gain after the commodity markets’ worst-case scenario – US President Trump announcing tariffs on most of the world – was temporarily averted, with the White House postponing the decision-making deadline to August. Meanwhile, the return of the ‘Houthi missile factor’ adds to oil’s geopolitical risk premium and helped to keep…