BlackRock says May CPI may show inflation accelerating as U.S.-Iran tensions raise energy shock risk
first published 2026-06-09T12:12:23Z
BlackRock is focused on Wednesday’s U.S. CPI report as economists expect May inflation to rise 4.2% year over year. The firm warned that a prolonged closure of the Strait of Hormuz could intensify an energy shock, pressure oil inventories, and keep inflation above the Fed’s target for longer.
AI Analysis
The summary says CPI is expected to accelerate, inflation remains above target, and higher-for-longer rates may follow if the Strait of Hormuz is disrupted. Those facts are bearish for risk assets and could move crypto markets through macro expectations.
Expected Investor Sentiment: Bearish
Potential Market Impact: High
Source Articles
- BlackRock warns of energy shock as May CPI is set to show acceleration in inflation - CoinDesk
- Trump Says Iran Deal Could Be Signed Within Days, Will BTC Rally? - Coinpedia
- WTI Crude Oil Drops From $95 to $89 as Iran and Israel Halt Fire - Bitcoin.com
- Wall Street Slides Hard and Bitcoin Tanks After Iran Shoots Down US Military Helicopter - Bitcoin.com
