Brazil's President Luiz Inacio Lula da Silva (R) greets Stella Li, Executive Vice President of BYD and CEO of BYD Americas, during a ceremony to announce new investments by BYD in Rio de Janeiro, Brazil, on March 13, 2026. (Photo by Pablo PORCIUNCULA / AFP via Getty Images)

Stella Li, Executive Vice President of BYD and CEO of BYD Americas, speaks during a ceremony to announce new investments by BYD in Rio de Janeiro, Brazil, on March 13, 2026. (Photo by Pablo PORCIUNCULA / AFP via Getty Images)

(FILES) US Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, on December 10, 2025. A US federal judge has quashed subpoenas issued to the Federal Reserve as part of an investigation that Fed chair Jerome Powell has called an attempt by the Trump administration to intimidate the independent central bank. "A mountain of evidence suggests that the Government served these subpoenas on the Board to pressure its Chair into voting for lower interest rates or resigning," wrote Judge James Boasberg in a filing dated March 11, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

(FILES) US Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, on December 10, 2025. A US federal judge has quashed subpoenas issued to the Federal Reserve as part of an investigation that Fed chair Jerome Powell has called an attempt by the Trump administration to intimidate the independent central bank. "A mountain of evidence suggests that the Government served these subpoenas on the Board to pressure its Chair into voting for lower interest rates or resigning," wrote Judge James Boasberg in a filing dated March 11, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

(FILES) US Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, on December 10, 2025. A US federal judge has quashed subpoenas issued to the Federal Reserve as part of an investigation that Fed chair Jerome Powell has called an attempt by the Trump administration to intimidate the independent central bank. "A mountain of evidence suggests that the Government served these subpoenas on the Board to pressure its Chair into voting for lower interest rates or resigning," wrote Judge James Boasberg in a filing dated March 11, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

Rusted pipes, hand-valves are seen with a weathered storage tank in the background at an obsolete oil field in Sargentes de la Lora on March 13, 2026, near Burgos in northern Spain, where oil first flowed in Spain in 1964. Spain's leftist government yesterday said it would soon present a plan to contain the Middle East war's impact on electricity and fuel prices in one of the most dynamic developed economies. The closure of the Strait of Hormuz, a vital waterway for oil and gas exports from the energy-rich Gulf, following the US-Israeli strikes on Iran from February 28 has roiled world energy markets. (Photo by Cesar MANSO / AFP via Getty Images)

A rusted pressure gauge is pictured at an obsolete oilfield in Sargentes de la Lora on March 13, 2026, near Burgos in northern Spain, where oil first flowed in Spain in 1964. Spain's leftist government yesterday said it would soon present a plan to contain the Middle East war's impact on electricity and fuel prices in one of the most dynamic developed economies. The closure of the Strait of Hormuz, a vital waterway for oil and gas exports from the energy-rich Gulf, following the US-Israeli strikes on Iran from February 28 has roiled world energy markets. (Photo by CESAR MANSO / AFP via Getty Images)

An oil pump is pictured at an obsolete oilfield in Sargentes de la Lora on March 13, 2026, near Burgos in northern Spain, where oil first flowed in Spain in 1964. Spain's leftist government yesterday said it would soon present a plan to contain the Middle East war's impact on electricity and fuel prices in one of the most dynamic developed economies. The closure of the Strait of Hormuz, a vital waterway for oil and gas exports from the energy-rich Gulf, following the US-Israeli strikes on Iran from February 28 has roiled world energy markets. (Photo by CESAR MANSO / AFP via Getty Images)