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

Brent oil prices surpassed $100 per barrel after Iran-backed Houthi rebels attacked two Saudi tankers in the Red Sea. Simultaneously, President Trump implemented a new series of tariffs to replace those that were expiring. These events occurred as Wall Street experienced a downturn, triggered by tumbling stock values for Tesla and Alphabet. The surge in oil costs and new trade restrictions mark a volatile period for global markets and major technology companies.