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Oil Prices Surge, Trump Imposes New Tariffs

Updated 2026-07-24 11:55 UTC 1 source Negative

Oil prices reached $100 per barrel after attacks on Saudi tankers by Houthi rebels. President Trump imposed new tariffs to replace expiring ones.

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NPR

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

Oil surged to $100 per barrel after Iran-backed Houthi rebels attacked two Saudi tankers in the Red Sea. And, President Trump overnight replaced expiring tariffs with a slew of new ones.

2026-07-24 11:37 UTC