Oil prices opened 1% higher as the U.S. vowed to continue military action against Yemen’s Houthis, disrupting global commerce. Analysts predict slower growth in oil demand amid economic concerns.
In a bold move, the U.S. launched airstrikes in Yemen targeting Houthi leaders, marking a significant shift in military strategy. National security adviser Mike Waltz emphasizes the gravity of the situation as Trump warns Iran and the Houthis of severe consequences.
President Trump announces plans to impose 25% tariffs on European Union goods, sparking concerns and reactions from the EU and market analysts.
