Making Cents of Oil Prices & Tariffs; Red Sea Emerges as New Front in Iran War
Attention shoppers: Prices are rising on everything from gas to travel to groceries. Oil surged this week because of the war in the Middle East, gas prices followed suit, and now President Donald Trump has implemented a new round of tariffs on 60 U.S. trading partners just before his 10% global tariff expired. So how are businesses and consumers reacting? NBC News business reporter Allie Canal puts the economic volatility in perspective. Plus, the Tehran-backed Houthi rebels say they’re imposing a blockade on Saudi Arabia in the Red Sea. NBC News chief foreign correspondent Richard Engel…
The skinny
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