President Donald Trump on Tuesday morning told countries unable to get oil due to disruptions in the Strait of Hormuz to "buy from the U.S." or "build up some delayed courage" and fight for it.
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Wars Reveal America's Guns and Butter Choices
America Must Spend More on DefenseThe wars in Ukraine and Iran lay bare some inconvenient truths.
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China suppliers warn of higher prices for Americans due to Strait of Hormuz closure
The Iran war has stalled shipments of oil and its products through the Strait of Hormuz, raising concerns among Chinese manufacturers about supply chain disruptions.
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Powell: Fed Will 'Wait and See' War's Impact on Economy
Federal Reserve Chair Jerome Powell Monday said the U.S. central bank can wait to see how the Iran war affects the economy and inflation, noting that policymakers typically look through shocks such as those from higher oil prices.
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