President-elect Donald Trump has issued a stark ultimatum to the European Union: increase purchases of American oil and gas or face tariffs. Trump’s demand aims to address the trade deficit between the US and EU, which reached $131.3 billion in 2022. While the EU has already significantly increased its imports of US hydrocarbons in recent years, ramping up purchases to the level Trump suggests faces numerous practical constraints.

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Why Gold Spikes Every Time Hormuz Opens — And Why It Never Holds
Every time the Strait of Hormuz briefly reopens, gold spikes. Every time, it reverses. It’s happened twice since February 28 — and it’s the same mechanism both times. Here’s why the spike never holds, and what would actually change it.




