Drop in oil prices looms over U.S. tariff talks with Japan

Trade partners may face pressure to buy fossil fuel as Trump seeks to drill more

20250417N Texas oil

The number of active oil rigs in the U.S. has fallen amid a drop in crude prices. (Photo by Ryosuke Hanafusa)

YUJI OHIRA and YUSEI SANADA

HOUSTON, U.S./TOKYO -- U.S. President Donald Trump's tariff policy has pushed down oil prices below the point of profitability for many new projects, which could put more pressure on trading partners like Japan to buy a commodity that the president has pledged to support.

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