U.S. President accuses Iran of attacking a cargo ship in a key oil chokepoint, escalating Middle East tensions. U.S. President Donald Trump accused Iran of launching a drone attack on a cargo ship in the Strait of Hormuz, calling it a breach of a ceasefire agreement. The s
Spot trucking rates hit $2,500-$2,600, up from $2,200 a year ago, yet operators face unchanged costs and delayed payments. Spot trucking rates for mid-2026 have climbed 15% year-over-year, reaching $2,500 to $2,600 per load compared to $2,200 last year. The increase marks
A false missile warning in the UAE triggered a brief $1 surge in oil prices before markets corrected amid clarification of a technical error. Oil prices jumped $1 after the UAE issued a missile alert to residents' phones, later attributed to a technical malfunction. The al
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May’s 27.4% jump in the US goods trade deficit signals potential drag on Q2 GDP growth amid rising imports and falling exports. The US goods trade deficit expanded 27.4% to $105.8 billion in May, reaching its highest level in 14 months. The surge in imports, driven by busi
Kazakhstan has slashed by a quarter natural gas production at the huge Karachaganak oil and gas field after Ukraine earlier this week hit with drones a Russian plant processing part of the gas, Kazakhstan’s Energy Minister Yerlan Akkenzhenov said on Friday. “Naturally, we have...
QatarEnergy offers Marine Qatar, Marine Land, and al-Shaheen crude via ship-to-ship transfers outside the Strait of Hormuz. QatarEnergy has launched a tender for crude loadings in July and August, marking its first offering since the Iran war began on February 28. The tend
Weekly transits hit a war-high of 125 vessels, yet a fresh IRGC strike on a cargo ship sparks renewed uncertainty in the critical oil chokepoint. Shipping traffic in the Strait of Hormuz surged to 125 transits last week, the highest since the conflict began in February, as
The incident raises concerns over a fragile US-Iran agreement as the UN suspends security operations in the critical waterway. Iran reportedly attacked a cargo ship near the Strait of Hormuz, prompting the UN to pause its maritime escort operation in the region. The strike
The company targets a 6.5%-7.5% adjusted EBITDA margin amid tariff uncertainty and consumer market pressures. American Outdoor Brands (AOUT) projected fiscal 2027 net sales of $200M-$210M, reflecting cautious optimism despite macroeconomic challenges. The guidance includes
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