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Russian attacks kill 14 as Ukraine hits Black Sea oil tankers BBCUkraine Pounds Russian Ships in Its Campaign to Cut Off Crimea The New York TimesStrait of Hormuz-style crisis looms for Russia as Ukraine forces shutdown of a key waterway CNNMaps: Ukrainian drone strikes choke Russian shipping in the Sea of Azov ReutersRussian Energy Is Now at Ukraine's Mercy Foreign Policy
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Wholesale prices fell in June for the first time in 10 months largely due to lower gas prices, but it's unclear if the recent slowdown in inflation will persist in light of renewed hostilities between the U.S. and Iran.
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Kevin M. Warsh, in his first testimony to Congress as chairman of the Federal Reserve, did not shed light on whether he supported higher interest rates to tame price pressures.
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