Tensions in the Middle East escalated sharply today as the U.S. launched additional strikes against Iranian targets, while Iran responded with missile and drone attacks on U.S. positions in the region, raising fears of a wider conflict. 

U.S. inflation rose to 4.2% in May, its highest level in more than three years, driven largely by higher energy prices linked to the Middle East crisis and disruptions around the Strait of Hormuz. 

Financial markets were under pressure as oil climbed toward $92 per barrel, with investors weighing the impact of geopolitical tensions, inflation concerns, and upcoming Federal Reserve decisions. 

The 2026 FIFA World Cup is set to begin tomorrow across the U.S., Canada, and Mexico, with excitement building around the expanded 48-team tournament despite ongoing political and travel-related controversies.