US energy prices jumped 24%, and the real damage hasn't even started

from the daily moo · host Moomoo Australia & New Zealand

US shares dived overnight as Middle East military activity resumed and inflation spiked to a three-year high. Rising prices are mostly driven by rapidly increasing energy costs – a side effect of the US-Iran war. This huge increase is only just beginning to bite into the US sharemarket and consumers. And it looks set to have a devastating effect ahead. Watchlist: Oracle, Adobe, Wesfarmers Check out these stocks: www.moomoo.com/quote

Episode metadata supplied by the publisher feed · Published Jun 11, 2026

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US energy prices jumped 24%, and the real damage hasn't even started

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