U.S. Wholesale Prices Surge 4% as Iran War Sends Energy Costs Soaring

U.S. wholesale prices surged 4% last month as the war with Iran sent energy prices soaring, delivering a sharp blow to consumers and businesses already stretched by trade tensions. The Energy Secretary predicted prices could hit their peak 'in the next few weeks,' offering little comfort to Americans paying record prices at the pump. The data underscores how the Hormuz blockade is translating directly into kitchen-table pain for ordinary families.