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Brent crude, the international benchmark, breached $85 per barrel for the first time in a month.
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U.S.-Iran War Latest: Oil prices surge as Trump aims to reinstate Strait of Hormuz blockade, U.S. to add fees CBS NewsOil prices off highs after Trump abandons 20% fee on Strait of Hormuz traffic CNBCTrump Backs Off 20% Fee for Strait of Hormuz Shipments Bloomberg.comTrump retreats from shipping toll, limits blockade in Strait of Hormuz The Washington Post
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US stocks hold steadier after inflation data, even as IBM plunges AP NewsInflation Slowed to 3.5% in June, as Americans Got a Break From Gasoline Prices WSJSinking inflation gives Warsh and Trump a lift PoliticoConsumer prices rose 3.5% annually in June, less than expected as energy prices eased CNBC
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