Oil Markets Ignore Trump's Russia Threats

Oil markets have largely ignored Trump's threats to impose 100% secondary tariffs on any country that buys Russian exports, with prices dropping significantly on Tuesday morning.- European natural gas prices have posted a five-day hot streak as Northeast Asian heatwaves drained South Korean and Japanese inventories, prompting buyers to divert cargoes there, only for Europe to confront its own sultry weather.- Front-month TTF gas futures, the benchmark for the European market, moved up to €35 per MWh ($13/mmBtu) as US President Trump’s…