US Budget Deficit Falls to $1.004 Trillion

Experts see a low probability of the US withdrawing from the USMCA. Business leaders demand the removal of uncertainty and tariffs. The Mexican business community is cautious ahead of negotiations. Pressure is mounting regarding a fossil energy plan. The risk of tariffs is decreasing due to rising oil prices. Analysts put the chance of a radical overhaul of the agreement at 5% or less. The conflict in the Middle East could benefit both the US and Mexico.

According to the U.S. Bureau of Labor Statistics, U.S. inflation in February remained unchanged from the previous month, at 2.4% year-on-year. Prices for housing, healthcare, and education rose, while those for automobiles and communications fell. Analysts expect the Middle East conflict could impact global inflation in the coming weeks.

The United States has destroyed ten Iranian vessels that were reportedly laying mines in the Strait of Hormuz. President Trump confirmed the attack and threatened a stronger response in case of further Iranian actions. The situation is causing concern in global energy markets.

The US Energy Department deleted a tweet about protecting a tanker in the Strait of Hormuz, leading to a drop in WTI oil prices. The White House left the question of escorting open, while Iran claims it is impossible to ensure security in the strait. The International Energy Agency is considering options for using strategic reserves to stabilize the market.