Logistics News

Oil prices are steady as talks between Iran and Oman on increasing energy flows in the Strait of Hormuz helped ease prices this week. Brent crude, the international standard, climbed 0.4% to $87.32 per barrel.

The two economies remain intertwined, and much could be at stake if Trump’s trade war reaches more of the energy, materials and supply chains that the U.S. still relies on Canada to provide.

As the shape of the war has morphed over the past half year, so, too, have the goals. One of the prime goals now — reopening the Strait of Hormuz — was not one of Trump's original objectives. 

About 6 million to 8 million barrels a day of crude are now being shipped through the world’s key oil chokepoint, according to estimates from oil traders involved in and monitoring cargo activity.

A major interstate project in Tennessee that will add toll lanes to help ease congestion on crowded corridors has taken a key step forward.

The oil market is down as tensions have grown after the Trump administration announced new sanctions aimed at inflicting more pain on Iran’s economy. Brent crude dropped 0.7% to $86.66 a barrel.

Iranian officials have repeatedly warned that a deal with Oman on the strait’s navigation would not equate to an immediate re-opening of the waterway.

Despite the bravado coming from both sides of the border, analysts suspect the longtime allies will eventually strike a deal to end a conflict neither really wants.

Arc Agent connects with its existing transportation management systems as well as third-party applications to extract, validate and process information.

Demand to urgently pass through the waterway has soared after the Iran war upended global trade routes, particularly to Asia.