Global Energy Prices Surge Amid Middle East Tensions and New Tariffs
Global energy prices have surged, with oil reaching $100 per barrel, driven by escalating tensions in the Middle East. Iran-backed Houthis reportedly attacked Saudi tankers, threatening a critical trade corridor. Concurrently, President Trump has imposed new tariffs on over 60 countries, potentially disrupting global supply chains. These developments have contributed to increased volatility in global markets, with significant impacts on currencies and trade dynamics.