30-SECOND SUMMARYWhat HappenedInflation Spikes: Japan's wholesale inflation hit its highest rate since 2014, while U.S. import/export prices and Indian factory-gate costs saw significant jumps driven by energy and import costs.Geopolitical Friction: Oil prices rose as tankers exited the Strait of Hormuz due to persistent attack fears; concurrently, Presidents Trump and Xi Jinping began a high-stakes summit in…...