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Trump's 24-day oil deadline won't dodge shock price surge

Source: afr.com

Trump has set a 24-day deadline for new US oil export rules amid tensions with Venezuela.
The rules aim to restrict Venezuelan oil flows to China, but global oil markets are already bracing for supply shocks.
Even with the deadline, experts say the oil price surge math won't change, predicting higher petrol costs worldwide.

Donald Trump has issued a new 24-day deadline to implement tightened US oil export restrictions targeting Venezuela's shipments to China. The move escalates pressure on Caracas but faces legal and logistical hurdles that could delay real impact. The core argument is that this won't alter the underlying "oil shock maths," with analysts warning of inevitable price spikes. It matters because it could drive up global fuel prices, hitting consumers and economies hard just as energy markets recover.