US inflation hits 3-year high as war on Iran and its chokehold on Hormuz drives up energy costs

US consumer inflation hit a three-year high, driven by the ongoing US-Israeli war and Iran's blockade of the Strait of Hormuz, leading to soaring energy costs. This has created economic pressure on the US economy and poses challenges for President Trump ahead of the midterm elections. Experts warn that the impact of the Iran war could persist well into 2027.