May 12: US-Iran War's Impact on International Economy, Financial Markets, and Livelihoods
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The US-Iran war has caused widespread impacts on the international economy and daily lives, with the de facto blockade of the Strait of Hormuz leading to OPEC's crude oil production falling to a 20-year low. In response to soaring oil prices, President Trump is considering temporarily suspending federal fuel taxes to alleviate consumer burden.