National

U.S. conducting stealth operation to transport oil through Hormuz

Price pain point: Why inflation could get worse

A line chart that shows monthly annual change in the producer price index for bare printed circuit boards from June 1992 to July 2026. The series ranges from minus 5.09491% in April 1994 to 45.3514% in July 2026, with mostly modest moves before a sharp surge in 2026.

Annual change in Producer Price Index for bare printed circuit boards

Data: Bureau of Labor Statistics via FRED; Chart: Emily Peck/Axios

Trump again floats making Strait of Hormuz a U.S. territory

Brittany Kelm, White House energy aide, takes oil-industry job

Macro

Axios Macro

Inflation relief's staying power is in question

A line chart that tracks monthly year-over-year CPI changes from January 2021 to July 2026 for overall inflation and core inflation, excluding food and energy. Overall CPI rose from 1.4% to 9% in June 2022, then eased to 2.3% in April 2025 before climbing to 3.4% in July 2026.

Year-over-year change in Consumer Price Index

Data: Bureau of Labor Statistics; Chart: Courtenay Brown/Axios

Generate

Axios Generate

Diesel desperation is mounting globally

Inflation eased in July as Middle East conflict resumed

AI could help unlock more oil — and emissions

"No escape:" Inside Rubio's Cuba pressure campaign

CEO confidence remains weak, new survey finds

A line chart that tracks a quarterly CEO confidence index from Q1 2022 to Q3 2026, based on surveys of at least 120 Fortune 500 CEOs. The index fell from 57 in Q1 2022 to 32 in Q4 2022, peaked at 60 in Q1 2025, then eased to 52 in Q3 2026.

CEO confidence index

Data: The Conference Board and The Business Council; Note: A number below 50 reflects more negative than positive responses; Chart: Emily Peck/Axios

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