U.S.

Crisis: Oil Prices Collapse 40% as Trade Wars Intensify!

Crisis: Oil Prices Collapse 40% as Trade Wars Intensify!
Oil Prices
Energy Markets
Geopolitical Risk

Oil prices plunged nearly 40% this week, marking the sharpest decline since the 2020 pandemic. Analysts cite heightened trade wars between major economies and a supply glut from record U.S. shale output as key drivers.

The downturn has triggered emergency OPEC meetings, with one delegate stating:

This isn't a normal correction—it's a structural market shift.

Critical immediate effects include:

  • Energy stock selloffs in Asian and European markets
  • Canceled drilling projects affecting 15,000 jobs
  • Gasoline price relief for consumers

While experts debate recovery timelines, most agree sustained volatility will shape energy investment decisions through 2025. Longer-term, renewable energy pivots may accelerate as fossil fuel uncertainties mount.