U.S. airstrikes

Iran stated it attacked U.S.-linked targets in response to U.S. airstrikes on its southern coast, with both sides accusing each other of violating a recent agreement to end the four-month conflict. Bahrain reported a drone attack.

Iran claimed it struck US-linked targets in response to US airstrikes on its southern coast, while Bahrain reported a drone attack. Both sides accused each other of violating a recent agreement aimed at ending a four-month conflict.

Trump acknowledged 'mistakes are made' regarding deadly U.S. airstrikes on an Iranian elementary school. The president stated the incident remains under investigation more than 100 days after the strikes.

Asian shares were mixed following a sell-off of AI stocks on Wall Street, which caused the U.S. market to decline sharply. Oil prices fell after the U.S. launched airstrikes against Iran, while major AI-related stocks like Super Micro Computer and Nvidia experienced significant drops.

Denver-area inflation rose to 5% in May due to a 15% increase in energy costs since March, with gasoline prices up 24.3% regionally and 40.5% nationally. The U.S. launched airstrikes against Iran after a drone collision near the Strait of Hormuz, disrupting oil transport and contributing to higher gas prices in Colorado.

Iran has vowed retaliation following recent U.S. airstrikes, but the ceasefire with Iran, which is nearly 50 days old, appears to remain intact for now. Tensions escalated this week with renewed threats from Tehran and President Trump scheduled to meet with top advisers to discuss the situation.