Al-Monitor Business and Tech: Trump tariffs and the Middle East

Jack Dutton
Jack Dutton
Apr 9, 2025
An Iraqi man herds his water buffalos on the Shatt al-Arab river next to the Nahr Bin Omar oil field and facility near Iraq's southern port city of Basra on April 4, 2023. — HUSSEIN FALEH/AFP via Getty Images

Welcome back to Al-Monitor Business and Tech.

It’s been a wild week for global markets as the trade war ignited by President Donald Trump continues to escalate. Oil prices fell to their lowest in four years on Wednesday at under $60 a barrel, undoubtedly having a significant impact on Gulf economies, before rebounding above $65 after Trump announced a 90-day pause on the tariffs, excluding those on China. 

Thanks for reading,

Jack (@jackvdutton) 

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