Recent developments in the oil market have led to significant declines in prices, hitting three-year lows as fears over trade wars and U.S. tariffs grow. Brent crude has fallen sharply amid a build-up in U.S. crude stockpiles and the impending output increases from OPEC+. Analysts suggest that the lifting of voluntary production cuts by OPEC+ and the pressure from Trump to boost output are contributing to this downward trend. Additionally, fears regarding the U.S. economy and rising supplies have further intensified concerns over future demand. OPEC+ members, including key players like Saudi Arabia and Russia, have committed to enhancing market stability even as they prepare to increase production. The market remains volatile with ongoing uncertainty surrounding tariffs and shifting economic indicators.