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Spiking oil prices may reveal how China has been more successful in electrifying its economy and reducing dependence on fossil fuels than the United States.
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Beyond its effects on oil and gas, the unfolding war in the Middle East is roiling shipping and airfreight, threatening the availability of a vast range of goods.
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The White House is considering waiving a 1920 law that requires goods transported between U.S. ports be carried on U.S.-owned ships as global shipping disruptions continue due to Iran war.
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U.S. Mortgage Rates Rise, Undercutting Housing Affordability Push The New York TimesMortgage rates climb to 6.11% as Iran war roils markets CNNMortgage rates rise on global concerns: Mortgage and refinance interest rates today Yahoo FinanceUS Mortgage Rates Jump Most in 11 Months on Inflation Risk From Iran War Bloomberg.comThe war in Iran is pushing up mortgage rates. Here's
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Trump to Target Forced Labor in Global Tariff Scheme The New York TimesU.S. launches fresh Section 301 probes into 60 economies over forced-labor trade practices CNBCWhite House takes first step toward permanent fix for illegal tariffs The Washington PostUS launches probe into trading partners including the EU, China and India BBCUS Starts Second Trade Probe in Trump's Tariff Policy Re
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Fear of Iranian mines in the Strait of Hormuz could further slow the flow of oil NPRWhat Is the Strait of Hormuz and Why Is Iran Blocking It? The New York TimesIran does not want to block Hormuz, Tehran diplomat says Euronews.comHow the Strait of Hormuz closure affects global oil supply ReutersWhat it will mean for the economy if the Strait of Hormuz stays closed Axios
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A worldwide pledge by governments to tap emergency reserves on Wednesday has not stemmed oil's rise.
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