Governments and energy producers are racing to protect global oil flows as risks rise around the Strait of Hormuz.
Data & financial journalist covering global economics and policy
Governments and energy producers are racing to protect global oil flows as risks rise around the Strait of Hormuz.
Over a quarter of global seaborne oil flows through the Strait of Hormuz—making Asia’s top economies especially vulnerable to any disruption.
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.
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.