|
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.
|
RELATED ARTICLES | | |
|
The first blockade in April choked off Iranian exports without causing a lasting price surge. Now global oil reserves are lower, and ships face heightened risks.
|
|
The United States reinstated its blockade on Iranian ports in the Strait of Hormuz and shipping slowed to a crawl amid the renewed warfare in the critical waterway.
|
|
Global oil prices Tuesday were on track to notch their largest two-day rise since mid-March, buoyed by further escalation in the U.S.-Iran conflict.
|
|
