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Bypassing the Strait of Hormuz: Gulf Countries Plan to Invest Heavily in Pipeline Export Projects
According to the Financial Times on April 2, Gulf countries are re-evaluating costly pipeline projects to bypass the strategic shipping chokepoint of the Strait of Hormuz, amid concerns that Iran may exert long-term control over the strait, threatening oil and gas exports. Government officials and industry executives note that although these pipeline projects are expensive, politically complex, and take years to develop, they may be the only way to reduce dependence on the strait. The current conf

U.S. Stocks Close: Major Indices Rise, Memory Stocks Lead Gains
Jin10 Data, April 2 — U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average initially up 0.49%, the S&P 500 up 0.7%, and the Nasdaq up 1.16%. Western Digital (WDC.O) rose 10%, Intel (INTC.O), SanDisk (SNDK.O), and Micron Technology (MU.O) gained around 9%. Nike (NKE.N) dropped 15%. The Nasdaq China Golden Dragon Index increased by 0.3%, iQiyi (IQ.O) rose 2%, JD.com (JD.O) fell 2%, and Alibaba (BABA.N) declined 1%. (From Jin10 Data APP)

U.S. Gas Prices Break $4 Mark, Highest Since August 2022
Jin10 Data, March 31 — According to The New York Times, on Tuesday, the average price of gasoline in the United States surpassed $4 per gallon, the highest level since August 2022. Since the start of the Middle East conflict, gasoline prices have been nearly continuously rising, steadily eroding American consumers' purchasing power. According to data from the American Automobile Association (AAA), the average price of regular gasoline has increased by 35% since late February. However, due to factors such as state taxes, distribution cost

Federal Reserve Williams: Current Monetary Policy Is Appropriate to Address Short-Term Inflation Risks
The New York Fed President Williams stated on Monday that the current monetary policy stance is appropriate to cope with the risk of rising inflation in the short term. He pointed out that the Middle East conflict could trigger supply shocks, push up inflation, and suppress economic activity. The related impacts have already begun to manifest, and supply chain disruptions are also appearing. Although the inflation outlook is highly uncertain, rising energy prices will push up overall inflatio