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On 2 April 2026, President Trump invoked Section 232 to impose a tariff ladder that rises to 100 % on patented drug imports from companies without U.S. price-cut/onshoring deals and re-defined his existing 50 % metal tariffs to capture the full customs value of products.
On 2 Apr 2026, a televised Trump vow to intensify U.S. strikes on Iran for the next 2-3 weeks sent WTI crude above $110 (+≈11%) and inverted the usual Brent premium within hours.
On 1 April 2026, SpaceX secretly submitted a draft S-1 to the SEC, teeing up a June float that seeks up to $75 billion in fresh capital at a valuation near $1.75 trillion.
On 1 April 2026 SpaceX lodged a confidential draft prospectus with the SEC, formally starting a record-shattering public listing expected as early as June.
On 1 April 2026, OpenAI closed a record $122 billion capital raise, instantly re-pricing the firm at $852 billion and allocating the proceeds to create a single "agent-first" superapp that merges ChatGPT, Codex, browsing and task-automation tools.
Between 31 Mar and 1 Apr 2026, Oracle emailed pink slips to roughly 30,000 staff—about 18 % of its payroll—to divert billions toward AI-centric data-centre expansion.
In the early hours of 31 Mar 2026 an Iranian drone struck the Kuwait-flagged VLCC Al Salmi at Dubai’s Anchorage-E, igniting but quickly containing a fire while Washington simultaneously threatened to destroy Iran’s oil infrastructure unless the Strait of Hormuz is reopened.
AAA data on 31 Mar 2026 show the national pump price spiking to $4.02/gal—its first break above $4 since 2022—after the 28 Feb U.S.–Israeli strikes on Iran triggered Tehran’s shutdown of the Strait of Hormuz.
On 31 Mar 2026 OpenAI finalized a $122 billion funding round—Silicon Valley’s largest ever—valuing the firm at $852 billion and, for the first time, funneled billions from ordinary investors through bank channels and Cathie Wood’s ARK ETFs ahead of an expected IPO.
On 30 March 2026, the Indian rupee slipped past ₹95 per US dollar for the first time, erasing an early rally and underscoring that the Reserve Bank of India’s new cap on banks’ net open positions failed to stem war- and oil-driven outflows.
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