Oil prices plunged after Iran and former U.S. President Trump declared the Strait of Hormuz “completely open,” easing fears of supply disruptions in the vital shipping route, according to SMH.com.au.
Browsing: global economy
Global consumers are increasingly avoiding U.S. products and services, signaling a sustained economic challenge. According to FTI Consulting, relief is unlikely before 2026, impacting trade and growth prospects.
The US-China trade war began under President Trump, escalating tariffs and tensions between the world’s two largest economies. The dispute reshaped global trade and influenced markets, reports the Las Vegas Sun.