Oil futures spiked Sunday night after Israel launched drone strikes against Iranian natural gas plants, sending shock through the energy market and smashing risk assets across the board. The news, reported by Iranian state media and confirmed by The Jerusalem Post,

U.S. consumer prices rose slightly in May as gasoline prices remained subdued, but inflation is likely to pick up in the months as tariffs boost the cost of imported goods.

Oil prices jumped in early Asian trade on Monday after Israel and Iran launched fresh attacks on Sunday, heightening fears that escalating battle could trigger a broader regional conflict and widely d...