A close ally of Donald Trump has warned that the U.S. economy may not be strong enough to handle the rising oil prices caused by the ongoing conflict with Iran. As the war pushes oil prices above $100 per barrel, fuel costs are increasing, which puts pressure on businesses and everyday people. Experts say this could worsen inflation and slow economic growth. The situation is made more serious by global disruptions in oil supply, especially around the Strait of Hormuz, a major route for energy transport. Overall, the warning highlights fears that a longer war could seriously damage the U.S. and global economy.
Credit : CGTN
You can listen to the programs organized by MI Radio on Google Podcast, Apple Podcast and Spotify.
You can download MI Radio application on Google Play Store and Apple App Store.
