Brent Crude Reaches $100 Amid Geopolitical Tensions and Trump Announces New Tariffs
Brent crude oil prices rose above $100 for the first time since late May due to attacks on Saudi tankers in the Red Sea by Yemen's Houthis. The U.S., under President Donald Trump, warned Iran of consequences if further attacks occur and announced new tariffs set to take effect Friday.
Topics: geopolitical tensions inflation fears oil prices Treasury yields