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.
Data & financial journalist covering global economics and policy
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.
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.
Northern Virginia and Texas have emerged as the core hubs of America’s data center boom. As demand for artificial intelligence and cloud services accelerates, data centers are becoming critical infrastructure — and a major new source of energy demand.
The deficit has eased from its 2022 peak, yet imports still far exceed exports as strong consumer demand, a strong dollar, and supply chain shifts sustain a record-era trade gap.