An oil ship offloads oil near Los Angeles, on March 15, 2025. John Fredricks/The Epoch Times
U.S. exports climbed to a record high, driven by surging shipments of crude oil and other petroleum products during the first month of the war in Iran, new government data released on May 5 show.
The U.S. international trade deficit in goods and services reached $60.3 billion in March, up 4.4 percent from the previous month, according to the Bureau of Economic Analysis. February’s trade gap was adjusted a bit higher to $57.8 billion.
