Internet reports that analysts at Bloomberg Economics, including Ziad Daoud, said in a report that as US President Trump's suspension of so-called reciprocal tariffs is about to expire, rising geopolitical risks are intertwined with possible tariff escalation in the coming weeks. The biggest economic impact of the protracted conflict in the Middle East may be soaring oil prices. In the extreme scenario of the Strait of Hormuz closing, crude oil could soar above $130 a barrel. That could push the U.S. summer CPI closer to 4%, prompting the Federal Reserve and other central banks to delay future interest rate cuts. The report said that any sharp increase in oil or natural gas prices, or trade turmoil caused by further escalation of conflicts, would become another constraint on the world economy. (Jin Shi)