Geopolitical Risk and Tariff Delays Push Oil Prices Higher

OilPrice · Michael Kern · last updated July 11, 2025 – 7:15 AM

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…

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