Forex
$6 Diesel Prices Spark Fears Amid Global Economic Turmoil
Former Rep. Marjorie Taylor Greene (R-Ga.) expressed shock at diesel prices reaching over $6 per gallon, a record high in the U.S. The surge is attributed to ongoing conflicts in Iran and between Russia and Ukraine.
Greene noted that the price of diesel impacts the cost of groceries and other goods. The current prices are affecting most of the country's transportation and machinery.
President Donald Trump has also weighed in on a different issue, criticizing the exchange rate imbalance between the U.S. and Canadian dollar, calling it 'unacceptable'. This comes ahead of new tariffs on American goods by Canada.