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Finance & Markets

Trump Says 'Doing Well' in Iran, Asserts Hormuz Control

US President Donald Trump said renewed attacks on Iran would likely be short-lived, reiterating his claim Washington controls the Strait of Hormuz after fresh fighting spiked energy prices and rekindled fears of an open-ended war. Bloomberg's Jon Herskovitz has the latest. (Source: Bloomberg)

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Consumer Inflation Rebounds to 3.1% in August

The consumer inflation rate rebounded to 3.1% in August, returning to the 3% range after easing to 2.8% a month earlier. The increase came despite a slowdown in petroleum price growth and declines in…

  • Consumer inflation in August rose to 3.1%, returning to the 3% range
  • Mobile phone charges surged 26.7%, the largest annual increase since 2021
  • Agricultural prices fell 2.6%, reducing overall inflation by 0.21 percentage points

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