U.S. wholesale inflation fell from May to June on plunging energy prices, but intensifying hostilities with Iran are clouding the outlook.

The pullback in the CPI mostly reflects a retreat in gasoline prices from multi-year highs as a fragile ceasefire between the U.S. and Iran took hold last month

U.S. consumer inflation eased in June more than analysts forecasted, government data showed Tuesday, as energy prices declined momentarily last month...