The United Arab Emirates has suspended all trade and financial transactions with Iran, escalating economic pressure on the Islamic Republic after a reported missile threat alert in Dubai. The UAE’s Ministry of Foreign Affairs announced the move on August 18,…
President Donald Trump announced on August 18, 2026, a three-day delay to the planned 50% tariffs on $20 billion worth of Canadian imports, following a last-minute deal reached with Canada less than two hours before the sanctions were set to…
Global oil prices surged again on August 19, 2026, as the conflict over the Strait of Hormuz showed no signs of resolution, pushing Brent crude up 1% to $91.91 per barrel. U.S. benchmark crude oil also climbed 1.1% to $84.99…
Mexico is evaluating new or higher tariffs on selected imports from China and other countries, with steel products and vehicles among the top candidates, as part of a broader push to align with U.S. trade policies and extend benefits under…
Starwood Property Trust Inc. and Realterm, a global transportation-focused investment manager, have teamed up to provide a $672 million loan for a portfolio of 78 industrial outdoor storage properties spread across 33 U.S. markets. The portfolio covers 830 acres and…
Delivery giants Grubhub and DoorDash are rolling out Serve Robotics’ sidewalk delivery robots in new U.S. markets, marking a major expansion for the autonomous fleet just months after Uber fully exited the company. Serve’s fleet of more than 2,000 robots…
U.S. diesel refining margins, measured by the diesel crack spread, surged past $100 per barrel in mid-August 2026, shattering previous records and underscoring a deepening global fuel crisis. The benchmark spread, which tracks the profit refiners earn turning crude into…
Freight tonnage dipped in July, continuing a pattern of uneven recovery in the trucking sector, according to the latest American Trucking Associations (ATA) For-Hire Truck Tonnage Index. The index fell 1% month-over-month to 113.5 in July from 114.7 in June,…
Swedish autonomous logistics specialist Einride has placed the largest order to date for Tesla’s Semi electric truck, committing to 500 units for its North American fleet over the next two years. The phased deployment begins next month, with trucks entering…
The United States and Canada are locked in final negotiations to avert a looming 50% tariff on $20 billion worth of Canadian goods, with the deadline set for 12:01 a.m. on August 19, 2026. The dispute threatens one of the…