#Inflation Was Moderate in July, but #Energy Prices Remain Elevated

The Consumer Price Index for July showed prices rose 3.4% from a year ago as the #war in #Iran dragged on.

#economy #CPI #affordability #CostOfLiving #oil #EnergyCrisis #TrumpsWar #IranWar #tariffs #trade #Trump #recession #trumpcession
nytimes.com/live/2026/08/12/bu…

Major #oil companies reap massive #profits as #US & #Iran #war drives #energy prices higher

US oil & #gas giants raked in massive spring profits while fighting between Iran & the US impeded #petroleum shipments & consumers around the world paid more for fuel & confronted shortages.

#BigOil #WarProfiteering #FossilFuels #ClimateChange #ClimateCrisis #TrumpsWar #IranWar #Trump #law #Congress #WarPowers #economy #inflation #affordability #CostOfLiving #EnergyCrisis
apnews.com/article/oil-compani…