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Diesel Prices Surge as Israel-Iran War Pressures Market

Diesel prices kept rising on June 17 as concerns about Middle Eastern supplies — a consequence of the Israel-Iran conflict — piled pressure on an already tight market.

June 17, 2025

Retail Sales Fall 0.9% in May as Americans Turn Cautious

Retail sales fell sharply in May as consumers pulled back after a sharp increase in spending in March to get ahead of President Donald Trump’s sweeping tariffs on nearly all imports.

June 17, 2025

Carney Says Canada, US Targeting Trade Deal Within 30 Days

Prime Minister Mark Carney said Canada and the U.S. are aiming to strike a trade deal within a month, a goal set during a meeting with President Donald Trump at the Group of Seven summit.

June 17, 2025

UK's Starmer, Trump Agree to Implement Tariff-Cutting Deal

United Kingdom Prime Minister Keir Starmer and U.S. President Donald Trump agreed June 16 to implement a trade deal announced last month, with one notable exception.

June 16, 2025

DAT, OTR Legal Dispute Heads to June 17 Emergency Hearing

OTR alleges DAT’s acquisition of Seattle-based Outgo and subsequent actions breach binding agreements between the erstwhile partners and are causing harm to OTR’s business.

June 16, 2025

Air Taxi Firm Archer Sees More Defense Demand in Short Term

Electric aircraft maker Archer Aviation expects its defense-related sales to outstrip commercial air taxis in the short term.

June 16, 2025

G7 Summit Opens in Canada With a Focus on Trade

As the G7 summit begins in Canada, the U.S. has hit several nations with tariffs, there is little progress in settling wars in Ukraine and Gaza, and a new conflict involves Israel and Iran.

June 16, 2025

Truck Parts Distributor Transaxle to Shut Down

Truck parts distributor Transaxle with facilities in 11 states is closing after an unsuccessful attempt to sell the company.

June 16, 2025

Oil Shippers Pause Offers of Vessels to Middle East

Some oil tanker owners and managers have paused offering their vessels for Middle Eastern routes since June 13 as they assess the risks from Israel’s conflict with Iran.

June 16, 2025

Nippon Wins Conditional Approval to Buy US Steel

Nippon Steel won conditional U.S. approval for its $14.1 billion purchase of U.S. Steel, capping a lengthy saga in a tie-up that will create one of the world’s largest steel companies.

June 16, 2025