U.S. EXISTINGHOME SALES FELL 0.6 PERCENT

WASHINGTON» U.S. sales of existing homes fell 0.6 percent in June, the third straight monthly decline, as higher prices and a limited supply of listings have sidelined many would-be buyers.

The National Association of Realtors said Monday that homes sold last month at a seasonally adjusted annual pace of 5.38 million. Over the past year, home sales have tumbled 2.2 percent.

Many Americans searching for homes face prices that are climbing at roughly double the pace of wages. Sales of entrylevel homes worth less than $250,000 have fallen amid a constrained inventory — and the decline accounts for nearly all of the annual drop in home sales.

China investigating European, Korean steel imports.

BEIJING» China launched a trade investigation Monday of steel from Europe and South Korea, potentially complicating efforts to recruit them as allies in its tariff dispute with U.S. President Donald Trump.

The Commerce Ministry said it will look into whether some stainless steel products from the European Union, South Korea, Japan and Indonesia are sold at improperly low prices and should be subject to antidumping duties.

India cuts oil imports from Iranbya quarter inpast year.

DELHI» Facing the threat of NEW

U.S. oil sanctions on Iran, India continued to rely on Iraq as its top oil supplier in the AprilJune quarter, followed by Iran and Saudi Arabia, the oil minister said Monday.

Petroleum Minister Dharmendra Pradhan said India bought 7.27 million metric tons of oil from Iraq, 5.67 million tons from Iran and 5.22 million tons from Saudi Arabia during the three-month period. — Denver Post wire services