United States Baker Hughes US Oil Rig Count down to 407 from previous 410

Apr 24, 2026

USD: Inflation shock risk from Hormuz blockade – MUFG

MUFG’s Derek Halpenny argues that the ongoing United States (US) blockade in the Strait of Hormuz is building a significant inflation shock for the US and globally, with Oil and input costs surging.

US: Revenue resilience after IEEPA ruling – Standard Chartered

Standard Chartered economists Dan Pan and Steve Englander assess the impact of the United States (US) Supreme Court’s IEEPA ruling on US tariff revenue. They note that tariff income has fallen but remains well above pre-Liberation Day levels.