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US wholesale inflation soared to its highest level since 2022, driven by a surge in energy prices since the start of the Iran war.

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Trump is escalating his threats against Iran, announcing the US intends to strike the country and take control of its oil infrastructure

Iran threatens Elon Musk's companies in Middle East: Iranian state media

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Trump says the US will strike Iran again Thursday, threatening to take control of the country’s energy infrastructure “at some point"

Trump says US 'will be taking Kharg Island' oil export hub, vows to hit Iran 'very hard tonight'

Sky's Deborah Haynes explains the significance of John Healey's resignation

Iran war updates

President Trump says the U.S. will hit Iran "very hard tonight," threatening to take "total control" of its oil industry and Kharg Island.

Wholesale prices rose 1.1% in May, more than expected

Tom Harris

Nothing could have been more damaging for Starmer than this resignation

BREAKING NEWS

Trump vows to hit Iran 'VERY HARD TONIGHT,' take Kharg Island in the future

Trump says US intends to take key Iranian island and 'assume control' of Tehran's oil and gas markets - follow latest

Breaking News

ECB raises interest rates by a quarter point in its first hike since 2023. Get the latest.

Jerry Seinfeld shuts down anti-Israel influencer with 3 words after Knicks historic win

European Central Bank raises rates, the first major central bank to hike since the Iran war

Trump says U.S. will seize Kharg Island and other 'oil infrastructure points'