China Foreign Ministry says if the US imposes tariffs on China over Iran related issues, China will take "firm" countermeasures

China's warning about "firm" countermeasures in response to potential US tariffs highlights the escalating trade tensions between the two countries. This could have significant implications for energy markets, particularly in WTI, as any retaliatory actions may affect supply chains and trade flows, raising geopolitical risk premiums. Traders should monitor this situation closely, as it could lead to increased volatility in commodities and currencies tied to the region.