Oil Markets Navigate Trump Tariff Threats and Middle East Ceasefire Talks

Oil prices rebounded slightly after a sharp decline, as traders grappled with President-elect Trump's tariff threats and potential progress on an Israel-Hezbollah ceasefire. Brent crude edged above $73 per barrel, recovering from earlier losses triggered by a strengthening dollar. The market remains cautious, balancing geopolitical risks against expectations of oversupply in the coming year.