Oil prices just saw their sharpest drop since 2022, falling nearly 5% in a day. The reason? A double shock to the market. First, Trump’s new global tariffs reignited fears of a trade war and slower growth — which means weaker demand for oil. Then OPEC+ surprised markets with a major production hike, adding more supply just as demand forecasts are falling. The result: prices plunged, and volatility is rising. Watch the full video for the key drivers — and what might happen next.