Mass deportations could cost the Bay Area region $67 billion a year, according to a new report by the Bay Area Council. The new report shows just how much of a difference immigrants and undocumented workers make to our local economy. Source: abc7news.com

Abu Dhabi state oil company ADNOC’s CEO ​Sultan Al Jaber described ‌any restriction of passage through the Strait of Hormuz by ​Iran as “economic terrorism”. Source: reuters.com

As oil steadily climbs above $100 per barrel and Iran rejects a U.S. peace proposal, Moody’s chief economist says recession odds are only getting worse. Source: fortune.com

A Detroit Regional Chamber report claims that focusing on turning around the poor performance should be the top goal of statewide policymakers elected this fall, the Detroit Regional Chamber says. Source: bridgemi.com

United Arab Emirates official Lana Nusseibeh criticized Iran’s restrictions on the Strait of Hormuz and its use of ballistic missiles and drones during an interview with Fox News. Source: foxnews.com

Wall Street is cutting its forecasts for the US economy this year, boosting its projections for inflation and unemployment and nudging up the odds of a recession as the impact of the Iran war starts to come into view. Source: bloomberg.com