U.S. consumer prices rose 4.2% annually in May, prompting President Trump to express "love" for the inflation figure while predicting a price drop post-Iran conflict. Oil futures climbed as tensions in the Strait of Hormuz escalated.
U.S. consumer prices rose 4.2% annually in May, prompting President Trump to express "love" for the inflation figure while predicting a price drop post-Iran conflict. Oil futures climbed as tensions in the Strait of Hormuz escalated.