The U.S. government now forecasts that oil supply disruptions tied to the ongoing U.S.-Iran conflict will continue at roughly 600,000 barrels per day through the end of 2027, as shipping through the Strait of Hormuz remains severely constrained. According to…
The cost of hiring a supertanker to carry oil on the benchmark Middle East-to-China route has approached $500,000 a day, as the Iran war continues to deter many shipowners from entering the Strait of Hormuz. This route, known as TD3,…
The diesel market is expected to tighten further as winter approaches, with Europe facing the greatest risk due to low inventories and constrained imports. The region’s refineries are running at full capacity, but demand is set to rise, and stockpiles…
Brent crude oil prices rose 0.8% to $84.23 per barrel on August 10, 2026, as geopolitical tensions in the Middle East intensified. The surge followed Israel’s rejection of a Gaza deal proposed by U.S. President Donald Trump and reports of…
Global oil prices surged on Monday after Israel rejected a U.S.-brokered Gaza deal and reports emerged of a potential Iran-Oman agreement to tighten control over the Strait of Hormuz. Brent crude, the international benchmark, rose 0.8% to $84.23 per barrel,…
According to Greg Hodgen, Chairman of the American Trucking Associations, third-party litigation financing is causing harm to the trucking industry. This practice, where outside investors secretly profit from lawsuits, is driving up the cost and duration of lawsuits, fueling inflated…
Pirelli has partnered with Italy’s Abet Group to develop technologies for remote-controlled electric unmanned ground vehicles (e-UGVs) designed for rescue operations in rugged and extreme environments. As part of the partnership, Pirelli will contribute its ‘Cyber Tyre’ technology and optical…
Sailun Group is conducting feasibility studies to establish a tire manufacturing hub in the Nelson Mandela Bay Municipality of South Africa. The proposed project, estimated to cost ZAR2 billion (€108 million), will be located in the Coega Special Economic Zone…
Malaysian rubber gloves maker Hartalega has reported a significant increase in first-quarter profits, driven by higher average selling prices and cost optimisation efforts. For the quarter ended 30 June, the group recorded revenue of RM605.8 million, up 9.5% year-on-year, and…
As government regulations and federal incentives for electric trucks fade, the adoption of electric trucks will depend on business cases, with fleets prioritizing total cost of ownership and operational fit. Industry participants cite cost, route suitability, and customer demands as…