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.

Source: [NPR News](https://www.npr.org/2026/07/24/g-s1-135418/up-first-newsletter-iran-war-oil-prices-tariffs-wisconsin-corey-ruiz)

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