National

Scoop: U.S. sending dozens of refueling planes to Israel as Iran escalation looms

Scoop: U.S. deploys refueling planes to Israel before possible Iran escalation

Markets

Axios Markets

Russia roils global market for diesel

Inside Bibi's mystery Trump meeting

Iran releases American detainee, Trump says

He honored Khamenei. Then he broke bread with Trump.

Trump held Situation Room meeting on massive new Iran strikes

House GOP's reconciliation 3.0 push hits early road bumps

Trump backtracks on Hormuz 20% toll demand

Inflation has biggest drop since 2020

A line chart that shows monthly year-over-year CPI change from May 2021 to June 2026. Inflation rose from 4.9% in May 2021 to a peak of 9% in June 2022, then eased to 2.3% in April 2025. It later climbed to 4.2% in May 2026 before slipping to 3.5%.

Year-over-year change in Consumer Price Index


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

The push to bypass Hormuz

Map showing planned and under-construction oil pipelines across the Middle East. The projects would allow some Gulf oil exports to bypass the Strait of Hormuz by reaching ports on the Mediterranean, Red Sea or Gulf of Oman.

Upcoming oil pipeline projects that bypass the Strait of Hormuz

Data: Global Energy Monitor, Axios research; Map: Danielle Alberti/Axios

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