The country once mocked for fiscal collapse may soon look more disciplined than the world’s largest economy.
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U.S. inflation rises as oil prices surge: energy costs drive the March CPI spike
Rising oil prices are now feeding into U.S. inflation, with energy costs driving a sharp increase in headline CPI for March. As crude climbs above $100 per barrel amid Iran war tensions, the divergence between headline and core inflation is complicating the Federal Reserve’s path on interest rates.
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.
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.