Iran War Upends Global Markets, Trade & Supply Chains
The U.S.-Israeli war on Iran is rattling businesses worldwide, driving up energy prices, squeezing supplies of critical raw materials and raising questions about the reliability of trade routes critical to the flow of goods from food to car parts.
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Wholesale prices rose 0.7% in February, much more than expected and up 3.4% annually
Wholesale prices rose sharply in February, providing another sign that inflation continues to percolate even aside from rising energy prices.
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Trump Moves to Lower Fuel Costs With Waiver
President Donald Trump's decision to issue a 60-day Jones Act waiver is aimed at easing pressure on American consumers and strengthening supply chains as U.S. forces continue executing Operation Epic Fury, according to the White House.
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90 Ships Cross Strait of Hormuz as Iran Exports Millions of Barrels of Oil Despite War
About 90 ships including oil tankers have crossed the Strait of Hormuz since the outset of the war with Iran and it is still exporting millions of barrels of oil at a time when the waterway has been effectively closed, according to maritime and trade data platforms.
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Wholesale prices rose 0.7% in February, much more than expected
U.S. producer prices increased more than expected in February, and could accelerate further as the war in the Middle East boosts oil prices and the import pass-through persists.
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