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Oil prices declined on Tuesday as traders shrugged off U.S. threats of an "economic D-Day" against Iran, while a flurry of headlines helped to renew hopes that the conflict could soon come to an end.
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The president's policies are driving up prices for fertilizer, fuel and machinery. Meanwhile, a campaign to deliver emergency farm aid has stalled on Capitol Hill.
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The US has the economic strength to withstand a Canadian trade war. Does it have the political will? PoliticoCanada to respond to Trump's new tariffs - US politics live The GuardianThere's a massive wildcard in the US-Canada trade war coming this November Business InsiderTrump reminds voters that trade wars are also affecting prices The Washington Post
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What matters more for oil prices is how hard U.S. sanctions hit China, Iran's biggest oil buyer, and whether Beijing pushes back.
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