US strikes Iran again as conflict widens across Middle East

US inflation slowed during June, but a reversal is expected as conflict in the Middle East persists. Meanwhile, the US and Iran have engaged in exchanged airstrikes, marking an escalation in the five-month war. These hostilities are now spreading across the Middle East, creating a volatile environment that threatens economic stability and increases the likelihood of inflation returning despite the recent dip recorded in the official US economic data for June.