Iran Oil Shock Pushes US Business Costs Higher
The Producer Price Index, a key measure of business input costs, rose 1.1% during the month. The annual rate climbed to 6.5%, marking its highest level in more than three years
The Producer Price Index, a key measure of business input costs, rose 1.1% during the month. The annual rate climbed to 6.5%, marking its highest level in more than three years
The latest attacks targeted Iranian military surveillance systems, communications networks and air defense assets, according to US Central Command
Iran’s top joint military command declared that oil tankers and commercial vessels would no longer be permitted to transit the strategic waterway
Central Command fires another round near Hormuz, Iran answers against Gulf states, and Washington warns Tehran will pay the price.
President Donald Trump warned that additional military action could follow, describing the strikes as a response to what the administration views as increasing Iranian aggression.
According to Trump, the effort enabled more than 100 million barrels of oil to reach global markets while helping to prevent sharp increases in fuel prices.
According to U.S. Central Command, American forces disabled the Palau-flagged tanker Settebello on Wednesday after alleging the vessel was attempting to transport Iranian oil in violation of a U.S.-enforced maritime blockade.
The new phase involves risk of course, yet Iran holds the high cards of an ability to impose disproportionately heavier damage upon Gulf infrastructure
A week ago, when Netanyahoo threatened to bomb the Dahiyeh suburb of Beirut Iran stopped all further peace negotiations and threatened to response in kind
Trump said the two U.S. pilots involved in the incident were uninjured.
The attack on Sunday afternoon sent plumes of smoke rising over the suburb, with strikes targeting two apartments in two buildings.
The signatories also condemned recent attacks targeting Jewish communities, Iranian journalists and US interests in Europe
After the attack, Trump reached out to reporters and claimed he was going to call Israeli PM Netanyahu and tell him not to attack Iran in response.
Trump said he "may keep going" with military operations, adding that potential targets could include infrastructure such as bridges and power plants
US contributions, while still the agency's largest source of support, have fallen significantly from more than $4 billion in 2024 to about $731 million so far in 2026