U.S. gains economic edge as Iran war strains global energy markets (CO1:COM:Commodity)

The conflict with Iran is reshaping the global economy in ways that appear to favor the United States, even as higher fuel costs weigh on consumers, news columnist Greg Ip reported in The Wall Street Journal. While gasoline prices have The U.S. economy remains resilient despite higher fuel costs, while other countries face inflation, rising rates, and slower growth due to energy cost surges. Trump's focus on U.S. energy self-sufficiency and exports enhances economic growth and geopolitical leverage, but may pose risks of overreliance for allies. If energy exports are politicized, trading partners may seek alternatives, and U.S. producers' high costs limit leverage, potentially reducing long-term demand for U.S. exports.