The Age
·general
·1 hour ago
Trump’s video game war has the world in an economic spiral
Trump's blockade of Iranian shipping is triggering global economic turmoil as oil prices spike. Brent crude hit a four-year high of $126 per barrel last week, with analysts warning prices could reach $180 by mid-year if Trump restricts U.S. crude exports. Europe and Asia face recession risks, while the ECB risks repeating past policy mistakes by tightening amid inflationary pressures.
Summary by Glance · The Age
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