Global oil shocks could threaten U.S. economic growth due to rising West Asia tensions.

A report warns global oil shocks could threaten U.S. economic growth due to West Asia tensions, though the impact may be less severe than past crises. The U.S. is more energy self-sufficient now, and tax refunds are supporting household spending. For India, the report indicates limited downside risk, noting strong GDP growth and robust domestic demand despite global volatility.