Brief Business 2 sources • Published 5 days ago

Oil Prices Rise as Iran and U.S. Exchange Strikes

Iranian drones struck Kuwait’s main international airport and the United States and Iran exchanged strikes. British house prices fell 0.6% in May, leaving them 1.7% higher than a year earlier, Nationwide reportsEurozone factories were hit by the biggest jump in input costs in four years last month.The Iran war drove up the cost of raw materials and intermediate goods, according to the latest poll of purchasing managers at European manufacturers.Although euro area manufacturers reported an expansion for a fourth successive month in May, the sector is showing signs of struggling under the weight of risi...
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Key Points
  • Iranian drones struck Kuwait’s main international airport and the United States and Iran exchanged strikes. S1
  • British house prices fell 0.6% in May, leaving them 1.7% higher than a year earlier, Nationwide reportsEurozone factories were hit by the biggest jump in input costs in four years last month.The Iran war drove up the cost of raw materials and intermediate good... S2
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