New York Times

• Inflation Slowed During Pause in War With Iran

  The Consumer Price Index fell to a 3.5 percent annual increase in June, and prices marked their biggest drop from a month earlier since 2020.

• White House Cheers Inflation Data While Iran War Sparks New Price Surge

  The news of an improvement in consumer prices in June came as the U.S. and Iran escalated attacks, risking a return to high energy prices.

• Trump Says U.S. Will ‘Take Over’ Strait of Hormuz, and How Russia Made Japan a Den of Spies

  Plus, scientists find sugar in outer space.

• Oil Rises Above $85 a Barrel as Gulf Clash Escalates

  Brent crude, the international benchmark, breached $85 per barrel for the first time in a month.

• Trump’s Plan to Charge a Toll in the Strait of Hormuz: What to Know

  President Trump announced a 20 percent fee on cargo through the waterway, despite his own administration’s position that such fees violate international law.