President Trump’s economic approval rating has dropped to 33 percent in a new national poll, the lowest point of his second term as tariff-driven price increases weigh on voters.
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Japan’s central bank lifted its policy rate to 1% on Tuesday, marking the country’s highest borrowing cost since 1995 amid sustained inflation and a weak yen.
US wholesale prices surged 6.5 percent in May, the fastest pace since November 2022, driven by a 23.4 percent jump in gasoline costs linked to the Iran war.
Energy analysts warned Thursday that oil could reach $150 a barrel within weeks if the US-Iran war continues, as Brent crude has already hit $94 following Iran’s Strait of Hormuz restrictions.