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Markets Shake Under Oil and Trade Turmoil | Tulsa News
Description
Global markets are in turmoil as Middle East conflict spikes oil prices to May highs, triggering ripple effects across economies. U.S. tariffs on 60 countries over forced labor add to uncertainty, while the dollar hits a 40-year high against the yen and gas prices climb past $4 a gallon. Tech giants like Tesla and Alphabet see steep stock drops amid weak earnings and AI spending. Asian markets tumble as investors brace for an AI bubble, geopolitical risks, and trade policy chaos—all proving how deeply interconnected today’s global economy has become.
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