2026-07-15
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This is The World in Brief from The Economist.
Our top stories.
America launched new strikes on Iran moments before its naval blockade on Iranian ports came into effect.
Iran's Islamic Revolutionary Guard Corps said they hit American weapons facilities in the Gulf in retaliation.
Earlier, Donald Trump backtracked on a proposal to impose a 20% fee on cargo shipped through the Strait of Hormuz.
Oil prices have risen amid renewed uncertainty.
Headline inflation in America fell to 3.5% in June from 4.2% in May.
The drop was steeper than expected, weighed down by a large fall in petrol prices.
Core inflation, which excludes food and energy costs, fell to 2.6% from 2.9% in May.
The cooling data eases pressure on the Federal Reserve to raise interest rates.
New York became the first American state to impose a moratorium on building large data centers.
Construction of those using 50 megawatts of power will be suspended for up to a year,
while officials marl a regulatory framework.
Opposition to data centers, which are used to power AI models,