Today’s podcast brings together Livia Gallarati of Energy Aspects, David Wech of Vortexa, and Clyde Russell of Thomson Reuters to unpack oil market dynamics amid “peak Trump” debates, escalating sanctions, and China’s stabilizing demand. Brent steadies near $65 as speakers assess whether market fatigue signals “peak Trump.” Livia sees sanctions risks still underpriced. David flags soaring crude-at-sea and a building oversupply despite tight product markets. Clyde warns Trump’s tariff fallout will hit in 2025, while China continues steady buying and absorbs sanctioned barrels. Sanctions alignment and Asian demand remain pivotal.