China would impose a 15% tariff on US crude oil imports, along with tariffs on other energy products. The escalation in trade tensions between the US and China raised concerns about the impact on global economic growth and demand for oil. Despite the initial drop, oil prices stabilized as investors weighed the potential for supply disruptions and geopolitical risks in oil-producing regions. The energy sector was mixed, with some oil and gas companies seeing gains while others faced losses due to the uncertainty in the market. Overall, the market remained volatile as investors reacted to the latest developments in the trade dispute between the world’s two largest economies.