Reported about 4 hours ago
Oil prices soared as President Trump imposed significant tariffs on imports including crude oil from Canada and Mexico, leading to concerns over rising consumer costs. The US benchmark West Texas Intermediate increased by 3.7% to $75.18 per barrel, while Brent crude saw smaller gains. With tariffs of 25% on Canada and Mexico and 10% on Chinese goods, the move has sparked retaliatory threats and raised worries about global economic growth.
Source: YAHOO