Oil prices continued to decline in early Asian trading on Friday, setting the stage for the worst week in months. This downturn is attributed to concerns surrounding U.S. President Donald Trump’s new tariffs, which have stirred fears of a global trade war. Analysts warn that these tensions could significantly diminish oil demand globally. The oil market is incredibly sensitive to trade policies, and recent developments have sharpened worries about economic slowdown. As prices drop, stakeholders are closely monitoring supply-demand dynamics and future policy declarations that could impact the oil industry. Industry leaders must adapt and strategize to mitigate the negative effects stemming from these recent tariff actions.