The Age
·general
·11 hours ago
The US is dragging the world into turbulent economic waters
On April 13, 2026, rising U.S. inflation rates indicated a turbulent economic future worsened by Donald Trump's blockade of the Strait of Hormuz. The blockade risks reducing global oil supplies, pushing prices above $100 a barrel. The U.S. inflation rate increased 0.9 percent in March, primarily due to escalating energy costs, impacting consumer goods prices.
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