{"id":52902,"date":"2025-03-25T21:25:52","date_gmt":"2025-03-25T21:25:52","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-flexibility-in-us-reciprocal-tariffs-ongoing-russia-ukraine-tension"},"modified":"2025-05-05T16:31:03","modified_gmt":"2025-05-05T16:31:03","slug":"oil-prices-up-over-flexibility-in-us-reciprocal-tariffs-ongoing-russia-ukraine-tension","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-flexibility-in-us-reciprocal-tariffs-ongoing-russia-ukraine-tension","title":{"rendered":"Oil prices up over ‘flexibility’ in US reciprocal tariffs, ongoing Russia-Ukraine tension"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Oil prices climbed on Tuesday, driven by optimism over potential “flexibility” in US President Donald Trump’s reciprocal tariffs and persistent tensions between Russia and Ukraine despite ongoing peace talks.<\/p>\n

The international benchmark, Brent crude, rose by around 0.3% trading at $72.71 per barrel at 11 am local time (0800GMT), up from $72.48 at the previous session’s close.<\/p>\n

The US benchmark, West Texas Intermediate increased by 0.4%, reaching $69.30 per barrel, compared to its prior session close of $69.05.<\/p>\n

On Friday, Trump signaled that there would be “flexibility” regarding the reciprocal tariffs set to take effect on April 2. Addressing concerns over a one-month tariff exemption for automakers in March, Trump reaffirmed his stance, dismissing speculation that he had altered his position.<\/p>\n

“Everybody said, ‘Oh, he changed his mind on tariffs.’ I didn\u2019t change my mind…. I helped some of the American companies,” Trump stated.<\/p>\n

“The word ‘flexibility’ is an important word. Sometimes it’s flexibility. So, there’ll be flexibility, but basically, it’s reciprocal,” he added.<\/p>\n

Trump also announced plans to engage in discussions with Chinese President Xi Jinping, as China remains a key target of his trade policies.<\/p>\n

Market analysts interpreted the exemption announcement as a sign that the US administration might adopt a more balanced and negotiable trade strategy, which has been positively received in global trade markets.<\/p>\n

Meanwhile, Trump signed an executive order on Monday imposing tariffs on countries importing Venezuelan oil.<\/p>\n

According to the order, beginning April 2, a 25% tariff may be imposed on all goods imported into the US from any country that imports Venezuelan oil, whether directly from Venezuela or indirectly through third parties.<\/p>\n

Analysts noted that the decision has driven oil prices higher by raising concerns over potential supply disruptions from major US importers.<\/p>\n

However, the prospect of significantly higher fuel costs for US consumers and rising cost pressures on import-dependent businesses has tempered these price gains.<\/p>\n

At the same time, unresolved tensions between Russia and Ukraine, despite US-mediated peace efforts, continue to support upward price movements by heightening market concerns over supply security.<\/p>\n

On Monday, Russia accused Ukraine of targeting an oil pumping station in the southern Krasnodar region in an overnight drone attack.<\/p>\n

According to a statement from the Russian Defense Ministry on Monday, Ukraine attempted to strike the Kropotkinskaya pumping station around 2 am local time (2300GMT Sunday) using a drone, which was intercepted 7 kilometers (4.3 miles) from the facility.<\/p>\n

The ministry said debris from the intercepted drone fell near the Kavkazskaya railway station, part of Russia\u2019s North Caucasus railway network.<\/p>\n

On Saturday, Kyiv also launched two drone strikes on the Valuiki gas distribution station in the Belgorod region, damaging the facility’s technological infrastructure, the ministry said.<\/p>\n

The accusations came as both Russia and Ukraine reportedly agreed to a temporary halt in strikes against each other’s energy infrastructure on Tuesday. However, both sides have continued to report attacks despite US diplomatic efforts to broker a peace agreement. Ukrainian authorities have yet to respond to Russia’s claims.<\/p>\n

For More News And Analysis About Mauritius<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Oil prices climbed on Tuesday, driven by optimism over potential “flexibility” in US President Donald Trump’s reciprocal tariffs and persistent tensions between Russia and Ukraine despite ongoing peace talks. The international benchmark, Brent crude, rose by around 0.3% trading at $72.71 per barrel at 11 am local time (0800GMT), up from $72.48 […]<\/p>\n","protected":false},"author":84,"featured_media":52901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[241,2705,5547,2825],"class_list":["post-52902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-mauritius","tag-oil","tag-tariffs","tag-wti"],"yoast_head":"\nOil prices up over 'flexibility' in US reciprocal tariffs, ongoing Russia-Ukraine tension - Mauritius<\/title>\n<meta name=\"description\" content=\"Oil prices climbed on Tuesday, driven by optimism over potential "flexibility" in US President Donald Trump's reciprocal ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-flexibility-in-us-reciprocal-tariffs-ongoing-russia-ukraine-tension\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil prices up over 'flexibility' in US reciprocal tariffs, ongoing Russia-Ukraine tension\" \/>\n<meta property=\"og:description\" content=\"Oil prices climbed on Tuesday, driven by optimism over potential "flexibility" in US President Donald Trump's reciprocal ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-flexibility-in-us-reciprocal-tariffs-ongoing-russia-ukraine-tension\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-25T21:25:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-05T16:31:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/03\/sm_1742924776.460246.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-flexibility-in-us-reciprocal-tariffs-ongoing-russia-ukraine-tension#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-flexibility-in-us-reciprocal-tariffs-ongoing-russia-ukraine-tension\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Oil prices up over ‘flexibility’ in US reciprocal tariffs, ongoing Russia-Ukraine tension\",\"datePublished\":\"2025-03-25T21:25:52+00:00\",\"dateModified\":\"2025-05-05T16:31:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-flexibility-in-us-reciprocal-tariffs-ongoing-russia-ukraine-tension\"},\"wordCount\":517,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-flexibility-in-us-reciprocal-tariffs-ongoing-russia-ukraine-tension#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/03\/sm_1742924776.460246.jpg\",\"keywords\":[\"Mauritius\",\"oil\",\"tariffs\",\"WTI\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-flexibility-in-us-reciprocal-tariffs-ongoing-russia-ukraine-tension#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-flexibility-in-us-reciprocal-tariffs-ongoing-russia-ukraine-tension\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/oil-prices-up-over-flexibility-in-us-reciprocal-tariffs-ongoing-russia-ukraine-tension\",\"name\":\"Oil prices up over 'flexibility' in US reciprocal tariffs, ongoing Russia-Ukraine tension - 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