Boeing reported a first-quarter loss of $7 million, a significant improvement from the $31 million loss a year earlier, as defense and space earnings increased amid rising demand.
Roughly 20 million barrels per day of oil moved through Hormuz in 2024, equivalent to about one-fifth of global petroleum liquids consumption. When that waterway closed, oil prices spiked to $126 per barrel in what the U.S. Energy Information Administration has described as the largest supply disruption in global oil market history.
Modest investments abroad could advance America's interests at home - by preventing pandemics from reaching our shores, by expanding markets for U.S. goods, by promoting democracy and freedom - all for less than 1% of the federal budget each year.