Brent Crude Tumbles Below $100 as Tariffs and Iran War Escalate

Crude oil prices took a hit on Friday as Brent fell below $100 per barrel, dropping by over 3% to trade at $96.75 per barrel.

The decline comes after investors reassessed the United States administration's decision to impose new tariffs on imports from 60 trading partners due to concerns about forced labor practices.

Traders remain focused on the war in Iran, which could lead to further price rallies if tensions escalate.