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Oil prices fell, moving closer to levels not seen since the war in Iran began in February.
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US PCE inflation measure tops 4.0% in May; consumer spending strong ReutersCore inflation rate hit 3.4% in May, highest since October 2023, Fed's preferred gauge shows CNBCInflation report could fuel concerns over higher interest rates, even as oil prices fall NBC NewsUS Inflation Climbs to Three-Year High, Spending Picks Up Bloomberg.com
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Brent Oil Erases Wartime Gains as Hormuz Reopening Boosts Supply BloombergOil price falls to levels not seen since before Iran war BBCLive updates: Global oil prices fall to lowest level since before the US-Iran war CNNOil Prices Hover Around Prewar Levels as Gulf Shipping Resumes The New York TimesIran-U.S. Updates: Oil prices return to near pre-war levels as Strait of Hormuz shipping ramps up CBS News
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People have long gathered in solidarity by the Reflecting Pool, but amid the turmoil of President Trump's attempted repairs there is little unity to be found.
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