Global Gas Crisis Deepens as Trump War Escalates
The Trump administration's decision to go to war in Iran has led to a global catastrophe, with gas stations running out of diesel fuel. According to News Week, some gas stations are already 'out of diesel' as prices surge. Farmers are slamming the president over record diesel prices, saying they 'just can't survive.'
Meanwhile, Federal Reserve Chair Jerome Powell is touting a rate hike as a reflection of a strengthening economy, but critics argue it could have devastating consequences for millions of Americans selling their homes. Billionaires are lining up to bankroll Republicans' election push, with the ultra-wealthy overwhelmingly backing Donald Trump's party over Democrats.
The war in Iran has also led to a global sell-off, with China cutting its US Treasury holdings to an 18-year low. Economists are warning of an AI bubble about to burst, while experts are concerned about the impact of H-1B visas on American workers.