The U.S. is a net oil exporter but that does not shield it from global economic shocks.
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Surging gas prices could push U.S. drivers toward EVs
Rising gas prices may push consumers toward EVs—but whether they switch depends on where they live.
Fed holds rates, warns inflation still above target as cuts remain cautious
The Federal Reserve’s latest projections show steady economic growth, persistent inflation above 2% and a slower path to interest rate cuts.
Shipping traffic in the Strait of Hormuz plunges to historic lows as oil prices hit a 19-month high
Ship traffic through the Strait of Hormuz is falling sharply as vessels avoid the Gulf following U.S.–Israel strikes on Iran, pushing oil prices to a 19-month high on fears of supply disruptions.