ECONOMY – Page 3 – One America News Network

STRAIT OF HORMUZ - NOVEMBER 19: In this handout photo provided by the US Navy, The aircraft carrier USS Abraham Lincoln (CVN 72), left, the Royal Navy air defense destroyer HMS Defender (D 36) and the guided-missile destroyer USS Farragut (DDG 99) transit the Strait of Hormuz on November 19, 2019. The Abraham Lincoln Carrier Strike Group is deployed to the U.S. 5th Fleet area of operations in support of naval operations to ensure maritime stability and security in the Central Region, connecting the Mediterranean and the Pacific through the western Indian Ocean and three strategic choke points. With Abraham Lincoln as the flagship, deployed strike group assets include staffs, ships and aircraft of Carrier Strike Group (CSG) 12, Destroyer Squadron (DESRON) 2, the guided-missile cruiser USS Leyte Gulf (CG 55) and Carrier Air Wing (CVW) 7. (Photo by Zachary Pearson- U.S. Navy via Getty Images)

Iran Parliament backs measure to close off the Strait of Hormuz

Iran’s parliament backed a measure on Sunday to close the Strait of Hormuz, a key maritime passage that accounted for 20 percent of global petroleum liquid consumption in 2024.This comes after the United States carried out targeted attacks on key nuclear facilities Fordow, Natanz and Isfahan to decimate Iran’s nuclear capabilities.

PHILADELPHIA, PENNSYLVANIA - AUGUST 6: Republican Vice Presidential Candidate Sen. JD Vance (R-OH) delivers remarks during a campaign rally at 2300 Arena on August 6, 2024 in Philadelphia, Pennsylvania. Vance is campaigning in several battleground states, closely matching Democratic presidential candidate Vice President Kamala Harris' campaign schedule for this week. (Photo by Drew Hallowell/Getty Images)

Vance: U.S. is ‘not at war with Iran, we’re at war with Iran’s nuclear program’

Vice President JD Vance stated on Sunday that the United States is not at war with Iran, but rather “we’re at war with Iran’s nuclear program.”

WASHINGTON, DC - JUNE 15: U.S. President Donald Trump stops and talks to the media before he boards Marine One on the South Lawn at the White House on June 15, 2025 in Washington, DC. The President will attend the annual meeting of the Group of 7 nations, Britain, Canada, France, Germany, Italy, Japan and the United States are taking place in the Canadian Rocky Mountains in Alberta, and will run until late Tuesday. (Photo by Tasos Katopodis/Getty Images)

Trump slams ‘Crooked’ Fox News for ‘wrong and negative’ polling: ‘MAGA HATES Fox News’

President Donald Trump took shots at the “Crooked Fox News” network for its alleged anti-Trump bias, asserting that “MAGA HATES FOX News.”

Inflation holds as Trump scores trade wins

Guess what didn’t happen after President Trump slapped tariffs on foreign goods?

Sen Moreno: Big Beautiful Bill will deliver for American Workers

Ohio Senator Bernie Moreno urged his Senate colleagues to pass the One Big Beautiful Bill as soon as possible, arguing it will deliver for American workers in more ways than one.

Shipping containers are stacked at a port in Shanghai on June 9, 2025. Chinese exports grew slower than expected in May, according to official data on June 9, as shipments to the United States tumbled amid global trade turmoil triggered by Donald Trump's tariff blitz. (Photo by AFP) / China OUT (Photo by -/AFP via Getty Images)

Chinese exports to U.S. plummet 35% in May — biggest decline since COVID began

New reports have indicated that China’s exports to the U.S. plummeted in May. This sharp declines comes as a temporary truce between the world’s two largest economies arrived “too late” to prevent major port disruptions.