US Tariffs Threaten Oil Market Disruption and Higher Gas Prices

US President Donald Trump’s administration has imposed a 10% levy on imported Canadian energy, potentially disrupting the country’s oil supply lines and leading to higher pump prices. The US Midwest, which relies heavily on Canadian crude, is particularly vulnerable to these disruptions. With global trade tracking service Supply Lines, follow the impact of tariffs on oil markets and gasoline prices in North America.

Source: https://www.bloomberg.com/news/articles/2025-02-01/trump-tariffs-threaten-to-roil-oil-market-raise-us-pump-prices