US strikes Iran again as conflict continues, raising inflation concerns ahead of G7 summit
The United States launched new airstrikes against Iran, prompting Tehran to threaten retaliation and target Strait of Hormuz vessels. The 100-day conflict fuels US inflation, as President Trump's contradictory statements precede a G7 summit where European leaders aim to bridge po
The United States recently conducted further airstrikes against Iran, targeting military surveillance, communication, and air defense sites. In response, Tehran threatened retaliation against US military bases in Kuwait and Bahrain, and pledged to target vessels in the Strait of Hormuz. This escalation continues a conflict now exceeding 100 days, during which President Donald Trump has offered contradictory statements, often promising an imminent resolution. Domestically, new inflation figures for May showed a 0.5% monthly and 4.2% annual rise, largely driven by energy costs linked to the ongoing conflict and the Strait of Hormuz's closure. European leaders are preparing to address the Middle East conflict and other global economic imbalances with President Trump at an upcoming G7 summit in Evian, France.
Sources: Le Monde
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Earlier coverage
- Jun 11, 2026, 07:30 AM UTCUS airstrikes continue in Iran as Trump faces domestic pressure and contradictory rhetoric
- Jun 11, 2026, 04:30 AM UTCUnited States launches new strikes on Iran amidst rising domestic pressure
- Jun 10, 2026, 04:30 PM UTCUS inflation rises in May, driven by energy costs and Iran conflict