Following his second indictment since President Trump returned to office, former FBI Director James Comey addressed the charges in a recent interview. NEWSMAX Chief Washington Correspondent James Rosen has more on “National Report.”
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State of the Union: The Consumer Price Index report for April came in at 3.8 percent. The post Inflation Remains High as Iran War Pushes Up Energy Costs appeared first on The American Conservative .
The Consumer Price Index report published Tuesday by the Bureau of Labor Statistics revealed 3.8 percent year-over-year (YOY) inflation for the month of April, the highest since May 2023, as energy costs rose 17.9 percent for the same period. The energy shock brought about by the war in Iran and Tehran’s closure of the Strait of Hormuz has pushed oil and gasoline prices higher. Since the beginning of the conflict, the national average for gasoline prices has risen from around $3.00 before the war began in late February to $4.50 Tuesday morning . Brent crude has risen 44.2 percent to $107. Consumer price inflation excluding volatile items like food and energy, often subject to non-monetary shocks like the Iran war, continued to hover at…Open