Oil prices surged after U.S. and Israeli strikes on Iran raised fears of Strait of Hormuz disruption, a chokepoint that carries about 20% of global crude supply.
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Why the Strait of Hormuz remains the world’s most critical oil chokepoint
Following series were published in June, 2025 and is being republished due to the recent shift in geopolitics around the Strait
U.S. trade deficit jumps 95% in November as imports outpace exports
The U.S. trade deficit nearly doubled in November, jumping 95% as imports rose faster than exports, highlighting renewed volatility tied to tariffs and shifting trade flows.
Trump threatens 10% tariffs on eight NATO allies amid Greenland dispute
President Donald Trump said the U.S. will impose a 10% tariff on imports from eight European countries starting February 1, tying the move to opposition over Greenland.