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Shale Firms Shrug Off Trump Push to Drill as Price Rally Ebbs

In the shale oil fields of Texas, North Dakota and New Mexico, executives are unlikely to change their capital budgets based on abrupt price moves from U.S. military strikes on Iran.

June 23, 2025

Closing the Strait of Hormuz Could Backfire on Iran

The war between Israel and Iran has raised concerns that Iran could retaliate by trying to close the Strait of Hormuz, the world’s most important oil chokepoint.

June 23, 2025

Tanker Rates Soar to Highest Since 2023 After US Bombs Iran

Tanker rates extended gains as tensions in the Middle East ratchet higher, with shipowners demanding bigger fees to call at ports in the Persian Gulf after the U.S. launched strikes on Iran.

June 23, 2025

Trump Warns Oil Producers on Prices Following Iran Attack

President Donald Trump demanded that energy producers push down crude prices following U.S. military strikes on Iran.

June 23, 2025

Project to Lower Historic Baltimore Tunnel Nears Halfway Mark

Workers have achieved the 47% completion mark to lower the historic Howard Street Tunnel by 2 feet to allow double-stacked rail containers to travel to and from the Port of Baltimore.

June 23, 2025

Oil Flip-Flops After US Strikes Iranian Nuclear Sites

Global markets appeared to take the U.S. strike against nuclear targets in Iran in stride as investors watched June 23 to see how Iran will react.

June 23, 2025

Tesla’s Modest Robotaxi Rollout Staged for Retail Investors

Tesla rolled out its long-promised driverless taxi service to a handful of riders June 22, a modest debut for what Elon Musk sees as a transformative new business line.

June 23, 2025

NYC Sets Smaller Driver Pay Raise After Uber, Lyft Resistance

New York City on June 20 announced new minimum-pay rules for rideshare drivers, settling on a smaller-than-proposed 5% increase following pushback from Uber Technologies and Lyft.

June 20, 2025

DAT, OTR Settle Dispute Over Outgo Acquisition

A potentially explosive June 17 emergency hearing in the Superior Court of Cobb County in Georgia was canceled after the two companies settled. Neither provided details on what it involved.

June 20, 2025

Supreme Court Refuses to Speed Up Challenge to Trump’s Tariffs

The Supreme Court refused to put a challenge to President Donald Trump’s sweeping tariffs on an ultrafast track.

June 20, 2025