US-Iran War, Inflation Data, Monsoon, Q1 Results & More - The Week Ahead

Trump again threatens Iran with warning it will 'no longer exist'

Tensions in the Middle East continued to escalate, with Iran targeting U.S. military bases in Kuwait and Bahrain amid renewed hostilities. Sign up for our newsletter for the day's top stories, from sports to movies to politics to world events: https://profile.usatoday.com/newsletters/daily-briefing/ #Iran #MiddleEast #Military

Iran's year-on-year inflation hits 88.6%

Iran's year-on-year inflation rate in the third month of the current Iranian calendar year, between May 22 and June 21, rose to 88.6 percent, the official news agency IRNA reported on Saturday, said Xinhua. Citing figures released by the Statistical Center of Iran, the report said the country's consumer price index in the same Iranian month, called Khordad, reached 656.4 units, indicating a 5.9 percent increase from the preceding month and an 88.6 percent rise year-on-year. It added that the index recorded a growth of 62 percent during the 12-month period ending June 21, compared with the same period a year earlier. The rise in Iran's inflation rate has gained momentum since the reimposition of U.S. sanctions following Washington's withdrawal from the 2015 nuclear deal between Tehran and world powers. Inflation has accelerated more rapidly in recent months amid the country's conflict with Israel and the United States since earlier this year.

Iran inflation nears 89% as war strains economy

Iran inflation nears 89 as war strains economy Iran's inflation rate accelerated sharply in June, reaching 88.6 percent year-on-year, according to the country's Statistics Centre, which linked the surge to the economic impact of the recent war. The official agency said food prices more than doubled during the Persian month of Khordad, which runs from 22 May to 21 June, compared with the same period last year. Bread and grain prices rose nearly 138.8 percent, while red meat and poultry prices increased 178.2 percent. Iran has faced persistent inflationary pressures for years amid international sanctions and economic instability. People and traffic move through central Tehran, 22 June 2026, after the United States temporarily suspended sanctions on Iranian oil following talks in Switzerland (Atta Kenare/AFP)

Iran war back on? Timeline of the conflict & talks

Iran war back on? Timeline of the conflict & talks

Chip Stocks Extend Losses as Middle East Tensions Push Oil Prices Higher

Global financial markets have been under pressure as renewed fighting between the United States and Iran threatens the fragile ceasefire reached last month. Fresh U.S. strikes on Iranian military targets, Tehran’s retaliatory attacks on U.S. facilities in the Gulf, and Washington’s decision to restore sanctions on Iranian oil have reignited concerns over energy supplies. The [] The post Chip Stocks Extend Losses as Middle East Tensions Push Oil Prices Higher appeared first on Modern Diplomacy.