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Oil storage tanks in New Jersey

The Iran conflict has caused major disruptions to global supply chains that experts warn could ripple down to domestic trucking.

The federal excise tax landed on the statute books in 1917 and remains there, crimping sales of new trucks and inhibiting the industry’s ongoing push toward greater environmental progress.

Prices of fuels like diesel and jet fuel are surging as refineries in the region reduce production or shut completely, while fuel makers elsewhere balk at high crude prices.

Iran has escalated its attacks aimed at generating enough global economic pain to pressure the U.S. and Israel to end the war, targeting oil fields and refineries in a handful of Gulf Arab nations.

The Trump administration plans to release 172 million barrels from the U.S. emergency oil reserve as part of the coordinated effort by nations around the world to ease surging crude and fuel prices.

The data has been overtaken by a conflict that began when the U.S. and Israel attacked Iran on Feb. 28. Gas prices have jumped sharply and are expected to fuel higher costs broadly. 

Beijing warned of a “heavy price” for the Central American country’s forced takeover of the facility from Hong Kong conglomerate CK Hutchison. 

If Exxon’s move happens, corporate governance matters such as company bylaws, fiduciary duties of directors and shareholder voting rights would be shifted to comply with Texan law.

The selected projects include a partnership between the Port Authority of New York and New Jersey and companies Joby Aviation, Archer Aviation, Beta Technologies and Electra. 

G-7 finance ministers held a virtual meeting to discuss the Iran war, its impact for regional stability, global economic conditions and financial markets, and the importance of secure trading routes.

Airports have warned travelers that they should expect longer lines and to arrive early for their flights, as a partial government shutdown impacting DHS enters its fourth week. 

The news comes as the EV market is at a standstill amid the Trump administration steering federal support away from electrification in favor of a broader agenda supporting the oil and gas industries.

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Johnson Predicts Gas Prices Will Ease as Iran War Stabilizes

House Speaker Mike Johnson sought to calm concerns about rising fuel costs, saying the recent jump in prices will recede as the conflict with Iran stabilizes.

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US Trade Gap Narrowed in January by More Than Projected

The gap in goods and services trade shrank more than 25% from the prior month to $54.5 billion, Commerce Department data showed March 12.

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