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U.S. inflation remained surprisingly muted through May, with limited impact from President Donald Trump's tariffs. But U.S. airstrikes on Iran's nuclear facilities over the weekend could contribute to pressures that may send price gains back to the highest levels in two years.
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Any disruption to tanker traffic in the Strait of Hormuz would have significant economic effects, especially for Asian nations dependent on oil from the Middle East.
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US Stock Futures Rise as Fears of Oil Shock Recede: Markets Wrap BloombergOil Prices Climb as Traders Gauge Fallout From U.S. Strikes on Iran The New York TimesOil Price Shock From U.S. Strikes on Iran Could Stoke Stagflation Risks Barron'sStock Market Today: Dow, Nasdaq Slip and Dollar Gains After U.S. Strikes Iran; Oil Futures Edge Up — Live Updates WSJ
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Trump decision for US to strike Iran splits Maga supporters - US politics live The GuardianTrump's Base in Uproar Over His Openness to Joining Iran Fight The New York TimesMAGA is divided over Trump's decision to bomb Iran. Will it last? The Washington PostMAGA influencers fall in line behind Trump after airstrikes hit Iran NBC News
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US asks China to stop Iran from closing Strait of Hormuz BBCIran Has an Oil Card to Play. So Does the U.S. WSJThe Strait of Hormuz is a vital route for oil. Closing it could backfire on Iran AP NewsSupertankers Do U-Turns Around Hormuz After US Airstrikes BloombergOil market awaits Iran response to U
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Tankers U-turn, zig-zag, pause around Strait of Hormuz ReutersWhat is the Strait of Hormuz and why is it so significant? CNNTankers reversing course from Strait of Hormuz following U.S. attack on Iran nuclear sites CNBCSupertankers Do U-Turns Around Hormuz After US Airstrikes Bloomberg
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Putin says US strikes on Iran are pushing the world towards great danger ReutersShifting Views and Misdirection: How Trump Decided to Strike Iran The New York TimesTrump claims ‘obliteration' of Iran's nuclear sites but uncertainty over missing uranium NBC NewsLive updates: Israel and Iran press their attacks as Trump muses about a regime change AP News
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