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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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Israel-Iran conflict pushes prices to five-month high on Monday although crude supplies remain unaffected
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Oil Prices Climb as Traders Gauge Fallout From U.S. Strikes on Iran The New York TimesWhat is the Strait of Hormuz and why is it so significant? CNNStock futures tick higher despite the U.S. bombing of Iran as oil increase is muted: Live updates CNBCOil prices jump after U.S. strike on Iranian nuclear facilities
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