Oil prices have surged to $100 per barrel, as the conflict between the US and Iran continues to escalate in the Middle East, where the US has launched strikes on Iran, and Iran has targeted American bases in the Gulf and Jordan, impacting global energy markets, particularly in the last two weeks of renewed fighting. The House of Representatives approved a resolution to remove US forces from the war in Iran on the same day, reflecting lawmakers' disapproval of a war they did not vote to authorize.

US-Iran Conflict and Oil Prices

The US Capitol has seen significant developments, with the House vote marking the second rebuke passed by the House since the war began, and Senate Democrats attempting to advance their own war powers resolution, which failed 47 to 49, as the US continues to impose tariffs on various countries, including a new round of tariffs on 59 countries and the European Union, with two tiers, 10% and 12.5%, which went into effect at midnight.

The Trump administration has imposed these new tariffs, which cover more than 99% of imports to the United States, citing the importation of goods made with forced labor, while exempting major categories like energy and many foods, in a move that has significant implications for international trade, as President Trump also signed proclamations to impose 50% tariffs on a selection of Canadian goods earlier in the week.

Global Trade and Tariffs

A growing number of consumers are interested in the health benefits of avocado oil, but research into its benefits lags behind that of other oils, such as olive and seed oils, and a new study has found that consumers paying a premium for foods advertised as containing avocado oil are probably not receiving it, highlighting ongoing authenticity issues in the industry, according to Selina Wang, the lead author of the study.

In other news, a vigil was held in Madison, Wisconsin, to mourn the death of 38-year-old Corey Ruiz, who was shot and killed by police on Wednesday, after officers responded to a call about a man checking cars, and Ruiz fled on his bike, producing a knife and injuring one officer, according to the police chief, with the four officers involved in the incident placed on administrative leave.

What to Watch Next

As the situation continues to unfold, readers should watch for further developments in the US-Iran conflict, the impact of the new tariffs on global trade, and updates on the investigation into the death of Corey Ruiz, as well as the ongoing research into the health benefits of avocado oil, and the actions of the Trump administration, with the administration's moves having significant implications for the global economy and international relations.

  • The US has launched strikes on Iran in the last two weeks of renewed fighting.
  • Iran has targeted American bases in the Gulf and Jordan, impacting global energy markets.
  • The Trump administration has imposed new tariffs on 59 countries and the European Union.
  • The tariffs cover more than 99% of imports to the United States.
  • Major categories like energy and many foods are exempt from the tariffs.