Brent crude oil exceeded $100 per barrel amid reported heavy fighting in the Middle East. The U.S. imposed 10-12.5% tariffs on imports from 60 trading partners covering 99% of U.S. imports, while U.S. stocks posted their worst monthly loss and Asian markets including South Korea’s Kospi fell sharply. The U.S. dollar reached a 40-year high against the yen at 163.83.