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US expands attacks on Iran, which calls Strait of Hormuz a ‘red line' as it retaliates AP NewsIran threatens to lash out at Arab neighbors as US ramps up strikes Fox NewsBlasts reported in Iran as US launches new wave of strikes BBCIran War Live Updates: U.S. and Iran Trade Strikes, Escalating Tensions Over Strait of Hormuz The New York TimesIran and US step up attacks, release of American in dispute Reuters
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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.
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Wholesale prices fell in June for the first time in 10 months largely due to lower gas prices, but it's unclear if the recent slowdown in inflation will persist in light of renewed hostilities between the U.S. and Iran.
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