SMH
·general
·11 hours ago
The US is dragging the world into turbulent economic waters
On April 13, 2026, the US inflation rate surged to 3.3 percent, influenced by Donald Trump's blockade of the Strait of Hormuz. This decision threatens global oil supply, raising prices sharply from $70 to over $100 per barrel. The ongoing conflict in the Persian Gulf may exacerbate inflation and economic growth worldwide.
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