US President Trump says he spoke to China about US sanctions on Chinese oil firms; will be making a sanctions decisions in the next few days; spoke about sanctions on Iranian oil

Context

Trump's comments on potential sanctions against Chinese oil firms signal escalating tensions, which could impact global oil supply and prices. As this situation unfolds, expect volatility in energy markets, particularly in oil and gas assets, and be mindful of possible ripple effects on currencies and equities tied to commodities.

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