US inflation at 4.2%: energy shocks drive up prices
The US Consumer Price Index stands at 4.2%, driven higher by a surge in energy costs linked to tensions between Iran and the United States.
Published 5sem1 sourceImportantupdated 4j
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The fact
Iran's closure of the Strait of Hormuz following US strikes on June 10 causes global oil supply to tighten.
This energy inflation weighs on financial markets and cryptocurrencies, traditionally sensitive to macroeconomic data.
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