US producer prices post largest drop in 14 months; inflation risks still tilted to the upside ReutersWholesale prices unexpectedly declined 0.3% in June on big drop in gasoline CNBCProducer prices fall as Iran oil blockade clouds inflation outlook Los Angeles TimesStocks rise after soft US inflation reading with Middle East in focus Reuters
US military says it disabled tanker trying to breach blockade amid new wave of strikes on Iran - Middle East crisis live The GuardianUS bombs Iran and ‘disables' Iranian oil tanker; sirens in Bahrain, Kuwait Al JazeeraInside the 24-hour sprint to convince Trump to drop his plans to toll Strait of Hormuz CNNUS reimposes blockade and steps up strikes as Iran threatens to halt Mideast energy exports AP News
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
As with consumer prices, the index benefited from easing energy costs, particularly as oil fell due to the brief pause in tensions between the U.S. and Iran.
