President Trump and Chinese leader Xi Jinping agree on modest trade deals and a new framework for cooperation, but experts see few immediate breakthroughs. Key issues like Taiwan and Iran remain unresolved as both sides prepare for Xi’s visit to Washington.
Posts tagged as “the Stanford Institute for Economic Policy Research”
Gasoline and diesel prices in the U.S. have surged to levels not seen since mid-2022, driven by escalating conflict involving Iran and disruptions to oil supply through the Strait of Hormuz. The war has caused crude oil prices to rise sharply, with diesel reaching $5.45 per gallon and gasoline surpassing $4.00, leading to significant economic impacts such as reduced consumer spending and increased household fuel expenses. Globally, energy-dependent countries face inflation and economic slowdowns as the conflict continues to disrupt oil markets.