TradeStation's David Russell said "energy saved the day in June, but that might become ancient history if the Strait of Hormuz doesn’t open soon.''

U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, though much of the progress could be reversed if the Iran war…

Annual inflation hit 3.5% in June, down from May's more than three-year high — but the resumption of the conflict with Iran threaten to push up inflation as energy costs once…