Oil hits $100 as Trump drops new tariffs and tankers burn
Gas prices are about to ruin everyone's weekend plans because chaos in the Red Sea and fresh economic penalties just collided overnight.
Houthi rebels backed by Iran just targeted two Saudi oil tankers in the Red Sea, and energy markets instantly went crazy. Crude oil blasted right past $100 a barrel before most people even poured their morning coffee.
To make things extra spicy, Trump decided this exact moment was perfect to roll out a brand-new wave of tariffs overnight, instantly replacing the old ones that were expiring.
Nothing says a stable economy quite like exploding shipping lanes and fresh import taxes landing on the exact same morning.
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