Supreme Court tariff ruling seen curbing Trump's ability to use energy as a weapon
The U.S. Supreme Court's ruling against President Trump's tariffs under the International Emergency Economic Powers Act limits his ability to use energy as a geopolitical tool. Analysts suggest this will affect Trump's leverage in trade agreements, particularly regarding oil and gas. While the ruling doesn't directly impact crude oil prices, it may stabilize costs for energy-related companies. Oil States International's shares surged 25% following the decision. Oil futures remained stable, with Nymex crude at $66.39/bbl and Brent at $71.76/bbl, while natural gas prices rose due to increased demand expectations.
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