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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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- 📢 #Gate Square Writing Contest Phase 1# is now officially launched!
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📅 End at: July 9, 16:00 UTC
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On June 23, analysts from Bloomberg, including Ziad Daoud, stated in a report that as the measures for the so-called retaliatory tariffs imposed by U.S. President Trump are about to expire, rising geopolitical risks intertwine with the potential escalation of tariffs in the coming weeks. The prolonged conflict in the Middle East may have the biggest impact on the economy, which is a spike in oil prices. In extreme cases of a closure of the Strait of Hormuz, crude oil could soar to over $130 per barrel. This could bring the U.S. summer CPI close to 4%, prompting the Federal Reserve and other Central Banks to delay future interest rate cuts.
The report states that any significant rise in oil or natural gas prices, or trade turmoil caused by further escalation of conflicts, will become another constraint on the world economy.