News list for "American Summer"

Analysts at Bloomberg Economics, including Ziad Daoud, said in a note that rising geopolitical risks are intertwined with a possible escalation of tariffs in the coming weeks as U.S. President Donald Trump's moratorium on so-called reciprocal tariffs is about to expire. The biggest impact on the economy from a protracted conflict in the Middle East could be a spike in oil prices. Crude could spike above $130 a barrel in an extreme scenario of the closure of the Strait of Hormuz. That could make ...

2025-06-22 23:48:08