Headline inflation soared over 4% this morning for the first time in three years, with one of the largest contributors being higher energy prices.

Inflation worries remain as employment data has surpassed expectations.

Inflation has surged to its highest level in more than three years since the U.S. and Israel launched their war on Iran, triggering a surge in gasoline prices.

Soaring prices push consumers’ wallets to the brink

US inflation climbed to a fresh three-year high in May, driven largely by rising energy prices linked to global supply disruptions following the Iran conflict, according to…