Oil Surges Past $100 as Tariff Uncertainty Rattles Risk Assets

Crude oil has broken through the $100 per barrel threshold with momentum building, supported by tightening U.S. inventories and expanding Canadian supply flows into American markets. The commodity rally reflects growing geopolitical tensions and supply dynamics that are expected to sustain upward pressure on energy prices in the near term.

Meanwhile, cryptocurrency markets are retreating as investor risk appetite deteriorates amid mounting trade policy uncertainty. Bitcoin has slipped toward $94,000 as threats of additional tariffs on major trading partners create broader market anxiety. The tariff rhetoric is also weighing on equities globally, with Asian stock indices declining sharply in response to protectionist policy signals.

The divergence between oil's strength and crypto's weakness underscores how different asset classes are responding to the same macro backdrop. While energy benefits from supply constraints and geopolitical risk premiums, digital assets are proving more sensitive to shifts in risk sentiment and the potential economic slowdown that aggressive trade policies could trigger.