The surging inflation making its way through the economy may not always be obvious.

Businesses like restaurants, hotels and airlines are passing along higher prices as separate line items. Common examples include credit card surcharges and service fees at restaurants, or increased baggage fees, which multiple airlines have enacted this month to offset rising jet fuel prices.

But don’t expect costs to come down again even if the temporary justification is resolved. Lower fuel costs would “certainly help us boost our margins this year and clearly into next year as well,” Delta Air Lines CEO Ed Bastian said recently.

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China on Tuesday criticized the U.S. blockade of Iranian ports along the Strait of Hormuz as a “dangerous and irresponsible act,” while President Xi Jinping warned that the “international order is crumbling into disarray.”

The International Energy Agency projected that global oil demand will see its sharpest decline since the Covid-19 pandemic, reiterating that the ongoing oil supply disruption is the “largest disruption in history.”

The 20-year-old suspect accused of throwing a Molotov cocktail at OpenAI CEO Sam Altman’s home has been charged with two counts of attempted murder and attempted arson.

WEALTH ENTREPRENEURSHIP

For years, European startups routinely fled to Silicon Valley, but that narrative is changing, and the shift is reflected in Forbes’ Under 30 Europe Class of 2026. The majority are growing and building at home, with this year’s class cumulatively raising more than $900 million and building startups that do everything from create cheaper semiconductor chips to........

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