Iranian missile strikes killed two U.S. service members and left a third presumed dead, the first American deaths from hostile fire since April.

Brent oil prices rose 2% to more than $90 per barrel on Monday, ‌as escalating U.S.-Iran hostilities in the Middle East restricted oil shipments through the Strait of Hormuz.

International benchmark Brent crude for September delivery rose 0.7% to trade at $88.69 per barrel, paring gains after surpassing $90 earlier in the session. U.S. West Texas Inter

Oil prices rose again in early trading on Monday, driven by the escalating fighting between the United States and Iran, with a barrel of Brent crude topping $90 for the first time since early June. The price of a barrel (159 litres) of the North Sea grade Brent for September delivery climbed by nearly 4% overnight to $91.

Aside from the immediate price jump, Trump's stance on the Strait of Hormuz and the seemingly inevitable oil price hikes the instability will cause is likely to have a trickle-down effect on Social Security benefits next year.

Social Security COLAs are based on third-quarter inflation changes year over year. July's data, once it becomes available, will help shape the upcoming COLA. An official COLA won't be available until mid-October.

As unexpected June macroeconomic indicators prompt independent analysts to adjust the projected 2027 Social Security Cost-of-Living Adjustment down to 3.7%, enterprise technology partners must leverage hyper-resilient Azure analytical frameworks to govern corporate benefit projections,

The annual COLA is designed to help Social Security benefits keep pace with inflation. While many retirees hope for larger increases, the size of the adjustment depends on inflation data collected during the third quarter of the year,

China urged Britain to protect the rights and interests of Chinese investors after the UK government nationalized British Steel, previously controlled by China’s Jingye Group.

China’s Jingye has demanded compensation from the UK government and threatened to pursue international arbitration over the nationalisation of British Steel, escalating a dispute that has strained relations between London and Beijing.

Jingye said it will take action "through legal means to the very end" after the UK government nationalised British Steel.

China’s Jingye Steel is seeking compensation from the British government over the nationalization of its former steel production complex in England, further straining relations between London and