Tighter global fuel supplies threaten more pain for consumers already strained with high prices at the pump.

President Trump on July 14 backtracked on plans to charge ships for using the Strait of Hormuz, saying Gulf countries would instead invest in the United States.

LTL carriers are seeing stronger demand, rising shipment weights and higher rates as truckload capacity tightens, fueling optimism for the second half of 2026.

Uber has previously approached Delivery Hero with an offer of 33 euros per share, but investors have been betting that a higher price will be required to seal the deal.

The price of Brent crude climbed 3.5% to $86.18 a barrel after soaring nearly 10% on July 13. U.S. benchmark crude was up 3.1% at $80.55 a barrel.

Restoring oil tanker traffic in the vital Middle East shipping corridor to prewar flows likely will require a much bigger armada of U.S. warships if not tens of thousands of U.S. troops on Iranian soil, experts say.

Oil and gas groups say the waiver lowered fuel costs and improved supply, while maritime advocates warn it threatens shipbuilding investment, jobs and national industry capacity.

In the period between the two U.S. naval blockades, Tehran was able to ship at least 2.2 million barrels a day, a very high level by recent standards. 

President Donald Trump says the United States is “reinstating” a blockade on Iran in the Strait of Hormuz and will charge ships for safe passage.

The price of Brent crude, the international standard, was up 3.9% to $78.95 per barrel. Fighting has kept oil tankers from using the strait to deliver crude to customers worldwide.