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Israel’s airstrikes on Iran drove up freight rates and tanker stocks June 13 as traders and investors priced in the prospect of disruption to a large swath of the global oil-shipping fleet.

The Trump administration is proposing oil refiners blend more biofuels into gasoline and diesel next year while seeking to discourage the use of imported supplies.

The Labor Department reported June 12 that its producer price index rose 2.6% in May. Producer prices rose 0.1% from April to May after dropping 0.2% the month before.

President Donald Trump on June 12 hosted a signing ceremony at the White House with freight and trucking executives to formally roll back a Biden-era emissions policy.

President Donald Trump is expected to sign a measure June 12 that blocks California’s first-in-the-nation rule banning the sale of new gas-powered cars by 2035, a White House official told AP.

The national average diesel price bumped up 2 cents to $3.471 a gallon, according to U.S. Energy Information Administration data released June 10.

The Senate is considering a plan to save a lucrative tax credit for hydrogen production that would be scrapped under the tax-and-spending bill passed by the House, key Republicans said.

The U.S. sees domestic crude production declining next year for the first time since 2021 in a blow to President Donald Trump’s push for American energy dominance.

Senate Republicans intend to propose revised tax and health care provisions to President Donald Trump’s $3 trillion signature economic package, shrugging off criticism by Elon Musk.

Tesla received a pair of downgrades on June 9, with analysts warning that Elon Musk’s electric vehicle company is facing a highly uncertain outlook, especially on the political front.