Oil Falls Slightly Amid U.S.-Russia Talks: Oil prices declined slightly during Monday’s trading
amid anticipation and uncertainty over the direction of U.S. trade policy
and the awaited outcome of upcoming talks between the United States and Russia regarding a ceasefire in Ukraine.

Contents

Early elections in Canada

Oil prices decline

Carney calls for early elections in Canada to counter Trump’s threats and affirms

Canadian Prime Minister Mark Carney has announced early elections in the country,
scheduled for April 28, in a surprising move aimed at strengthening his government’s position in the face of rising challenges,
particularly U.S. President Donald Trump’s trade and sovereignty threats.

Carney stated that he is seeking a “strong mandate” from the Canadian people to
confront Washington’s latest escalation after Trump made controversial remarks about the possibility of annexing Canada as a U.S. state.
Carney stressed that his country would not allow anyone to “break or take over” it,
adding that Canada is an independent sovereign state and would not hesitate to defend itself.

This move comes amid escalating tensions between the two countries,
especially after Trump imposed additional tariffs on Canadian exports.
There is also increasing strain on the economic and political relations between the two traditional allies.
Carney affirmed that the elections aim to unify the ranks
domestically and reinforce Canada’s stance in the face of external pressures.

Oil Falls Slightly Amid U.S.-Russia Talks

Oil prices declined slightly during Monday’s trading amid anticipation and uncertainty over the direction of the U.S.
trade policy and the awaited outcome of upcoming talks between the United States and Russia regarding a ceasefire in Ukraine.

Brent crude futures for May delivery fell by 0.14%,
or 10 cents, to $72.06 a barrel, while U.S. crude futures remained steady at $68.23.

These slight declines come as U.S. President Donald Trump prepares to implement reciprocal tariffs starting April 2,
which raises investors’ concerns about its potential impact on global growth.
However, it is expected to be more targeted compared to previous rounds.

This coincides with the upcoming implementation of the
“OPEC+” plans to increase production by about 138,000 barrels per day starting
in April as part of a series of expected monthly increases aimed at gradually boosting supplies to the markets.

Meanwhile, Washington and Moscow are preparing to start a new round of negotiations today
to explore the possibility of reaching a ceasefire agreement in Ukraine.
This move could significantly impact oil prices if it increases Russian oil exports to global markets.

Oil Falls Slightly Amid U.S.-Russia Talks

Oil Falls Slightly Amid U.S.-Russia Talks

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