The Globe and Mail reports in its Wednesday, Feb. 5, edition that the potential chaos of an impending trade war with the United States has not yet disrupted oil markets, but uncertainty about future developments still hangs over the sector as we enter a 30-day tariff reprieve. The Globe's Emma Graney and Jeffrey Jones write that this uncertainty includes how crude oil prices might be affected if demand from U.S. refiners decreases, potentially redirecting products to the Asian market. American companies are hesitant due to the increased costs associated with a 10-per-cent tariff on Canadian oil. Over the weekend, President Donald Trump announced plans to impose 25-per-cent tariffs on imports from Canada and Mexico, while applying a lower 10-per-cent tariff specifically on Canadian energy imports. However, on Monday, he announced that these tariffs would be delayed for 30 days after Mexico and Canada agreed to take additional measures to enhance border security. Analysts are surprised by the minimal market response to the tariffs, with the gap between U.S. and Canadian benchmark oil prices rising less than expected, meaning there is less incentive to redirect crude oil from the U.S. market.