U.S. allies, however, have privately warned that the strait, a key thoroughfare for Middle East oil, natural gas and fertilizer, was still likely mined.

Aramco is now selling its heavier grades by moving them through Hormuz. Other Persian Gulf nations including Iraq and Qatar have also increased crude exports.

The Generation 6 engines meet Environmental Protection Agency 2027 nitrogen oxide emissions rules scheduled to become effective Jan. 1.

Kevin Warsh acknowledged that recent inflation reports show it has cooled a bit, but “they do not tell me that underlying trends have meaningfully improved.”

Freight carried by U.S. railroads enjoyed another strong week, according to data from the Association of American Railroads. U.S. weekly rail traffic was 532,462 carloads and intermodal units, up 4.2% compared with the same…

Highway notified its customers this week in an email communication, that Motive had imposed new limits on the integration between the two platforms, telling compliance leaders that the electronic logging device provider had…

Cargo thieves targeted 605 reported loads across the United States during the second quarter, according to a new Overhaul report. That total rose 5% from the first quarter but fell 5% from one year earlier. May produced the…

Taking a stake in Venezuela’s oil reserves would mark an almost unprecedented intervention by the U.S. in another country’s economy.

The price for a barrel of Brent crude, the international standard, rose 0.2% on Aug. 28 to $88.68. Oil prices have been a wild card for inflation.