US hits Iranian site near Hormuz; Fed flags energy inflation risk
U.S. forces attacked an Iranian military site near Bandar Abbas after the Federal Reserve warned that energy inflation remains stubborn.
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AFBytes briefing
Military action near a key oil chokepoint raises the risk of higher gasoline and diesel prices for U.S. drivers and manufacturers.
What to watch next
- Monitor the next EIA weekly petroleum status report for inventory and import shifts.