While most of the world is watching the World Cup this week, China and the US will be keeping the financial world on its toes.

Fears of a global trade war reached new heights as the US announced $50 billion in tariffs on Chinese imports and China retaliated with $50 billion of its own on US goods. It’s sure to be a tense week, with Europe also indicating a strong stance against US protectionism.

If that wasn’t enough, OPEC will be meeting to discuss the state of the oil market. Listen to find out more about that.