Financial Times: Iran conflict impacts US energy edge

The Financial Times reported that the war with Iran has caused significant damage to the American economy and led the United States to lose its edge in the energy sector. American oil production growth has not exceeded 200,000 barrels per day, despite the country leading the list of producers. Military operations in the region have removed approximately 20 million barrels of oil passing through the Strait of Hormuz, resulting in a roughly 40% increase in gasoline and diesel prices. Additionally, the annual inflation rate reached 4.2%, the highest in three years, mortgage rates have risen, and GDP growth has slowed to 1.5%. Consumer confidence has declined, and the economic conditions in the United States have deteriorated noticeably as a result of the repercussions of the conflict with Iran.

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