WHAT’S HAPPENING TODAY: Good afternoon and happy Wednesday, readers! Tonight is Game Four of the NBA Finals, with the San Antonio Spurs looking to secure another win in New York over the Knicks. 🏀🏀🏀 If the Knicks take the win, that will leave them just one game away from winning their third championship title in franchise history. 🏆But first – tensions are escalating again in the Middle East, as President Donald Trump said the U.S. will resume attacks against Iran as soon as today. He also claimed that the U.S. has been taking millions of barrels of oil out of Iran. How? That has yet to be revealed. Keep reading to find out what we know so far. 🇮🇷🛢️🇺🇲May’s inflation numbers were released today and – surprise, surprise – the extended closure of the Strait of Hormuz sent energy prices soaring. In fact, broad energy prices increased five times more than overall prices. Wondering what energy product saw the largest jump? ⛽⚡📈 Read below to find out.

Welcome to Daily on Energy, written by Washington Examiner energy and environment writers Callie Patteson (@CalliePatteson) and Maydeen Merino (@MaydeenMerino). Email cpatteson@washingtonexaminer dot com or mmerino@washingtonexaminer dot com for tips, suggestions, calendar items, and anything else. If a friend sent this to you and you’d like to sign up, click here. If signing up doesn’t work, shoot us an email, and we’ll add you to our list.