Oil prices are in freefall after OPEC+ announced a significant output increase, raising concerns over a global surplus amid weakening demand due to ongoing trade tensions. Brent crude dropped nearly 4.6% as OPEC aims to target overproducing members.
In a bold move, President Trump announced a 25% tariff on countries purchasing oil from Venezuela, effective April 2. This decision comes amid accusations of Venezuela's ties to terrorism and has significant implications for global oil prices.
