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.

The century-old maritime law that requires American ships be used to transport goods between U.S. ports would get a 30-day exemption.

“The United States is the largest oil producer in the world, by far, so when oil prices go up, we make a lot of money,” Trump posted on social media.

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.

Sentiment among senior executives in the LTL space is positive in outlook, and underlying manufacturing data is supportive even as conditions remain challenging.

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

Iran has effectively stopped cargo traffic in the Strait of Hormuz through which about a fifth of all oil is shipped. It has also targeted oil fields and refineries in Gulf Arab nations.

Amazon’s deal is the latest in a series of jumbo bond sales by hyperscalers as they plan to invest hundreds of billions of dollars in AI infrastructure. Investors have so far been eager buyers.

With federal highway programs expiring Sept. 30, ATA's Women In Motion Council is pressing lawmakers to prioritize truck parking in the next surface transportation reauthorization.