Circumventing the US Supreme Court, President Donald Trump has found a way to resurrect his tariff wall in a fashion that analysts say could prove more durable to legal challenges.

Gold edged up on Friday as Brent crude retreated from above $100 a barrel, while investors assessed developments in the Middle East conflict and their implications for inflation ahead of the US interest rate decision next week.

The dollar was set for its biggest weekly gain since mid-June, buoyed by the rise in oil prices, while the yen was poised for its largest weekly percentage decline in more than two months as the currency languishes at 40-year lows despite Japan’s pledges to buttress the currency.

The lawsuit argues that the new tariffs require more detailed country-specific findings about unfair trade practices to be legally justified

Brent futures settled at $96.78 a barrel, down $3.91, or 3.88 percent

Trump separately tapped an untested justification for 50-percent tariffs on many Canadian goods

Oil prices rose for a fifth day on Thursday on increasing concerns about supply availability amid attacks on tankers in the Red Sea by Yemen’s Houthis and strikes between the US and Iran that have once again nearly shut the Strait of Hormuz.

Can India perform a rescue act for Asia’s refined fuels market similar to what China did for crude oil?

The conversion rate is higher than the global standard

Brent crude futures rose $2.2 or 2.3 percent, to $96.27

CEO Sundar Pichai said in a statement that the successful quarter was due in part to growth of its AI model Gemini and AI search queries

Oil prices rose to a near six-week high on Wednesday, with Brent crude surpassing $95 a barrel, on mounting concerns about disruptions to Middle Eastern supply routes because of escalating hostilities between the US and Iran and threats to shipping by the Iran-backed Houthi militia in Yemen.

A new US tariff targeting Brazil took effect Wednesday, while Washington’s other trading partners brace for a fresh volley of duties as President Donald Trump’s temporary global levies expire this week.

Brent crude futures rose $1, or 1.1 percent, to $92.01 a barrel

The Trump administration has prepared fresh tariffs targeting 60 trading partners over their alleged failures to act against forced labor, as officials push to rebuild the US leader's trade agenda after legal setbacks.

Renewed momentum in China-United States economic ties has helped boost confidence in the global economy while supporting steadier and more resilient bilateral trade in the months ahead, said market watchers and business leaders.

The EU on Monday slapped a 550-million-euro ($630 million) fine on online retailer AliExpress for allowing the sale of illegal products, including unsafe toys and cosmetics.

The tariffs take effect in 30 days and cover various items including wine, hockey sticks and cement

Brent crude futures eased 78 cents, or 0.9 percent, to $88.44 per barrel by 0415 GMT

TSMC is seeing strong, multi-year demand for its AI chips as it invests a further $100 billion to expand its Arizona facilities,