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Oil prices rise again after Trump threatens to strike Iran's power plants Business InsiderOil climbs anew on mixed signals about Iran war's future AxiosOil Rises Slightly After Trump's Latest Threats on Iran The New York TimesOil prices rise as US-Israeli war with Iran continues to disrupt supply ReutersOil Futures Rise Amid Increased Supply Disruption Concerns WSJ
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Oil prices choppy after expletive-laden Trump threat to Iran BBCTrump can't make his mind up about the Strait of Hormuz. It's more important than he lets on CNNTrump's Lesson From Risky Rescue: Threaten to Go Harder at Iran The New York TimesTrump vows 'hell' for Iran if Strait stays shut, says a deal is possible ReutersTrump Warns Iran He Could Strike ‘Every Power Plant,' in WSJ Interview WSJ
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Iran War Live Updates: Trump Escalates Threats in Truth Social Post After U.S. Rescues Downed Airman The New York TimesTrump unleashes curse-filled social media rant at Iran after U.S. rescues colonel NPRAhead of his latest Strait of Hormuz deadline, Trump threatens Iran's energy infrastructure NBC NewsTrump Warns Iran He Could Strike ‘Every Power Plant,' in WSJ Interview WSJ
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‘Whole region is going to burn': Iran's ‘living hell' warning to US amid Donald Trump's threats of striking power plants | World News Hindustan TimesIran war live: Tehran slams Trump's threats over Strait of Hormuz closure Al Jazeera
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Move marks escalation in tensions in run-up to much-anticipated May summit in Beijing
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The economic banishment of all things Russian. Tariffs on Chinese imports. Pandemic-caused shortages of computer chips, bicycles, garage door parts and other imports. Brexit.
Just about everywhere you turn, you can see that the tectonic plates of the global economy have stopped converging and are starting to pull apart in ways that will determine new winners and losers, says Ethan Harris, head of global economics for Bank of America Securities. "Deglobalization is a gradual process, and in the long run, very important" to investors, he says, because it will have profound impacts on corporate profitability.
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Globalization refers to the increase of commerce across borders. U.S. companies prospered for decades as new markets opened for their goods and labor costs plummeted thanks to overseas production. Strategists at BofA have estimated that over the past 20 years, globalization has contributed more than half of what has been a robust expansion in profit margins. Globalization has also helped to deliver low-cost goods to American consumers.
But now, says market strategist Ed Yardeni, the pandemic and spreading political and military conflicts have stretched supply chains past the breaking point, prompting companies to bring many operations closer to home. "Deglobalization was almost inevitable," Yardeni says. U.S. companies are starting to "reshore" production back to the U.S., "near-shore" it to neighbors such as Mexico, or "friend-shore" it to allies such as Vietnam.
Investment firm Piper Sandler counted more than 900 announcements of companies either building or expanding manufacturing facilities in the U.S. in the 12 months ending in May of 2022. In 2012, there were only about 100 such announcements. Over the long term, companies
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