Oil surges to $100 per barrel. And, Trump imposes a new round of tariffs

Oil prices skyrocketed to $100 per barrel following an attack by Iran-backed Houthi rebels on two Saudi tankers in the Red Sea, heightening global tensions and disrupting supply. Meanwhile, President Trump introduced new tariffs, replacing those set to expire, which adds another layer of economic uncertainty. This surge in oil prices and new tariffs could have significant implications for global markets, consumer costs, and international relations, especially amid already strained U.S.-Iran relations.