Trump's Greenland Demand, Tariff Threat Jitters Markets; Oil Prices Stable

• Crude oil prices remained stable in Asian markets, with West Texas Intermediate around $59/barrel and Brent below $64.
• US President Donald Trump's insistence on acquiring Greenland and tariff threats against European countries are key market concerns.
• Trump announced a 10% tariff on eight European countries (Denmark, Norway, Sweden, France, Germany, UK, Netherlands, Finland) starting February 2026, potentially rising to 25% by June.
• The tariff threat raises fears of a US-EU trade war, global economic recession, and reduced oil demand.
• Oil prices stabilized after Trump clarified no military action against Iran, easing concerns about Middle East supply disruptions.

Why It Matters: Trump's Greenland and tariff rhetoric caused market jitters, but oil prices stabilized due to eased Iran tensions.