Asian oil markets experienced a modest decline on Wednesday as renewed concerns about increased production from the OPEC+ alliance and ongoing global tariff tensions weighed on investor sentiment. Despite underlying fears about potential supply disruptions from Canada and Iran, bearish pressures prevailed amid uncertainty over macroeconomic headwinds.

Oil prices began the week with a noticeable decline, driven by escalating concerns over the prolonged U.S.-China trade war. This ongoing conflict threatens to dampen global economic growth and reduce fuel demand, issues that are closely watched by market analysts and investors alike.