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While Russia was seemingly omitted from Trump's Liberation Day tariffs, Putin will still feel their impact as they will likely lead to a decline in demand for Russian oil. So in this video, we'll explain why oil prices have and could continue to fall.

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Sources:

US-Russia trade
https://www.dw.com/en/donald-trump-ta...

Brent-Urals discount
https://incorrys.com/energy/energy-pr...
https://www.reuters.com/markets/commo...

Russia federal budget 2021-23
https://www.atlanticcouncil.org/conte...

Dollar index
https://www.marketwatch.com/investing...

Bloomberg on trajectory of oil prices
https://www.bloomberg.com/opinion/art...