A containership at the Port of Los Angeles. (Eric Thayer/Bloomberg) June 16, 2026 11:31 am, EDT key takeaways: U.S. import prices rose 1.9% in May, matching April’s increase, with the increase driven by higher costs of plastics, air travel and computer equipment, BLS data showed on June 16. The surge reflects inflationary pressures linked to
A sign displaying the price of regular gasoline and diesel fuel at a Citgo gas station in Brewer, Maine on June 8. (Graeme Sloan/Bloomberg) June 16, 2026 8:44 am, EDT key takeaways: A temporary US-Iran agreement to reopen the Strait of Hormuz has begun to ease oil prices, but consumers are unlikely to see immediate
After a rare dark transit through the Strait of Hormuz in May, the Eneos Endeavor supertanker approaches the Eneos Corp. Negishi oil refinery in Yokohama, Japan, on June 6. (Akio Kon/Bloomberg) June 16, 2026 8:16 am, EDT key takeaways: Oil prices edged lower in early trade after the US and Iran reached a tentative deal
The American flag flies next to a One9 Fuel stop sign displaying diesel and unleaded gas prices in Wilmington, Ohio, on June 10. (Caroline Caster/AP) June 15, 2026 8:13 am, EDT | Update: June 15, 2026 11:40 am, EDT key takeaways: Oil prices fell after Iran announced a temporary deal to end the war and
A small motorboat passes ships anchored in the Strait of Hormuz near Bandar Abbas, Iran, on June 11. (Amirhossein Khorgui/ISNA via AP) June 12, 2026 8:15 am, EDT | Update: June 12, 2026 2:59 pm, EDT key takeaways: Oil prices fell after President Donald Trump claimed success in talks to end the Iran war. SpaceX