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US Economy Faces Pressure from Dual Conflicts | Markets & Money News
The US economy is under pressure as two major conflicts escalate. Disruptions in oil supply from the Strait of Hormuz and the Red Sea are causing concern, with a spike in attacks on tankers reported. President Trump has opted to delay airstrikes until after the midterms while oil prices continue to rise. In Eastern Europe, Ukraine and Russia are engaged in fierce exchanges, affecting energy infrastructure. With rising oil prices and Treasury yields, the economic outlook is challenging for the
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