Here's your midday brief for Friday, April 10th. I'm Anthony Bansy for the Wall Street Journal.

Consumer prices jumped 3.3% in March, the hottest reading in two years. The number was driven

higher by gasoline prices, which surged nearly 19%. That's largely due to the Strait of Hormuz being

closed and disrupting global oil shipping. This report gives the largely due to the Strait of Hormuz being closed and disrupting global

oil shipping. This report gives the first snapshot of how the war in Iran has accelerated U.S.

inflation. Meanwhile, European airports are looking at severe jet fuel shortages if the

Strait of Hormuz isn't fully opened within three weeks. In a letter to the European Commission,

the head of Airports Council International Europe says a fuel crunch would ripple through the region's

economy. The risk of running out of fuel comes as airplanes prepare for the critical summer

travel season. And the cloud provider Corweave says it's partnering with Anthropic to run the startup's

clawed artificial intelligence models. The partnership means that nine of the top 10 AI model

providers now use CoreWeave's platform. Heads up an artificial intelligence tool helped us make

this episode by creating summaries that were based on WSJ reporting and then

reviewed and adapted by an editor. We'll have more coverage of the day's news on the WSJ's

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