U.S. stock markets erupted Friday after Iran declared the Strait of Hormuz “completely open” after agreeing to a 10-day ceasefire with Israel and the U.S., effective on that day.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Apr 21 2026
Post
DOMESTIC OIL SUPPLY BUFFERS U.S. AS PRICES SOAR IN ASIA, EUROPE
Since the Iran War began, U.S. crude oil prices have largely remained below those of Brent crude, which sets world oil prices.
Post
U.S. INDUSTRIAL PRODUCTION DECLINED IN MARCH
U.S. manufacturing, mining, and utility output fell by 0.5 percent in March from February, according to U.S. Federal Reserve data, surprising economists who had expected a 0.1-percent increase, according to a Reuters poll.
Post
ECONOMIC UPDATE
Since Israel and the United States launched the Iran War on 28 February, the global economy has shifted from bad to worse.
Post
IRAN WAR RAISES THE ODDS OF A U.S. RECESSION
In February, Mark Zandi, chief economist at Moody’s Analytics, had placed the chance of a recession in the U.S. this year at 49 percent.