fromAxios
4 hours agoThe energy squeeze behind the Iran war and AI boom
Higher oil prices fueled by the Iran war are the main driver behind inflation, with the Consumer Price Index rising 3.8% in April, new data out this week shows. Higher energy prices accounted for the bulk of the increase between March and April, Axios' Courtenay Brown reported. Compared with the same period a year ago, energy costs are up 18%.
Artificial intelligence