world-economy

Oil Surge Past $100, New Tariffs Reignite Inflation Concerns

Crude oil prices climbed above $100 a barrel this week following Houthi claims of attacks on tankers in the Red Sea, reviving inflation worries among investors and logistics operators. The price spike coincides with new U.S. tariff measures affecting imports from 60 trading partners. Duties ranging from 10% to 12.5% take effect Friday. The combination of elevated energy costs and expanded trade barriers has shaken confidence in central banks' ability to maintain price stability. JPMorgan Chase CEO Jamie Dimon cautioned that markets underestimate current risks, noting he would avoid purchasing stocks and Treasury bonds at prevailing valuations. Supply chain professionals face mounting pressure as transportation expenses climb alongside goods pricing, threatening margin compression.