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Stagflation is one of the most feared economic crises that a nation can encounter. It occurs when there is no growth in the economy yet inflation continues, causing the average person to suffer and leaving policy makers helpless. Most Americans have not lived through a stagflation experience, with the last true case of U.S. stagflation occurring in the 1970s , as oil shocks drove up the cost of energy while the overall economy remained at a standstill. Today, tariff pressures

Background Info The Strait of Hormuz, a narrow waterway between Iran and Oman, has become the epicenter of a global energy crisis. This critical chokepoint is just two miles wide at its narrowest navigable point yet handles approximately 20 million barrels of oil per day , representing roughly 20-27% of the world's seaborne oil trade. The strait also carries 93% of Qatar's LNG exports , making it indispensable to global energy markets. In normal times, around 24 oil tankers

Background Information: ​Geopolitical disputes in the Middle East have long played a critical role in shaping global economic conditions, particularly through their impact on the highly dependable oil markets. Iran, as a major oil producer and a key player in the Strait of Hormuz , through which roughly 20% of the world’s oil supply passes, wields significant influence over global oil prices. Historically, disruptions in this region have led to spikes in energy costs, notably

Lebanon has been undergoing one of the worst economic crises in its history. Since 2019, Lebanon has been experiencing a complete economic meltdown due to poor governance, corruption, and overspending in the country. Lebanon’s total economic output has fallen by almost 40 percent since the economic crisis started . The Lebanese currency has lost its value, people are unable to withdraw their money from banks, and poverty has risen significantly in the country. Background It i

On January 16, 2026, Canadian Prime Minister Mark Carney wrapped up two days of meetings in Beijing with a deal that had been years in the making. Canada would cut its tariff on Chinese electric vehicles from 100% down to 6.1% for a set quota of imports. In return, China agreed to dramatically lower tariffs on Canadian canola and remove duties on several other agricultural products. It was the first visit by a Canadian prime minister to China since 2017 , and it came at a tim

In September 2025, the White House announced one of the most drastic immigration policy changes in the past several years: a $100,000 application fee for new H1-B visas. The Trump Administration frames the move as a measure to “protect U.S. workers,” and is sure to cause a major shift in how America manages the inflow of skilled foreign labor that has long fueled sectors such as tech, finance, and medicine. Under the announcement specified that the fee applies to applicatio

In China, the term ‘involution’ started off as slang among students who felt trapped in a cycle of increasing competition and diminishing payoff. Today, that idea has transformed not only college campuses but entire industries in the country. With domestic demand consistently decreasing and competition ramping up, Chinese firms, specifically in the electric vehicle (EV), battery, and solar industries, are producing at a rate far greater than the market can consume. What star