In the 160-year history of wars and oil prices, conflicts like the American Civil War and the Second Arab-Israel war have led to significant increases in oil prices. Despite relatively muted increases during subsequent conflicts and Russia’s invasion of Ukraine, prices still more than doubled. The current conflict involving Iran, Israel, Hezbollah, and the United States mirrors past events, like Egyptian President Gamal Abdel Nasser’s closure of the Suez Canal in 1956-57, impacting global oil supply.
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Trump’s new tariffs might not hit clothing retailers much now, but analysts warn price increases could backfire
Lots of clothes on store shelves may become more expensive due to new tariffs from President Donald Trump. Despite three years of price increases and higher costs of living, some Wall Street analysts believe that consumers may be too fatigued to make purchases. The impact of the tariffs on consumer behavior remains uncertain. Full Article
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