Supertankers are increasingly switching off their transponders for days or weeks while crossing the Strait of Hormuz and Bab el-Mandeb, making cargo movements difficult to track. This practice has expanded as Iran-related security risks persist and Houthi threats grow. According…
Major U.S. oil producers are slashing capital spending in shale basins despite high crude prices, redirecting cash flows toward shareholder returns and debt reduction instead of accelerating production growth. Chevron, ConocoPhillips, and Occidental Petroleum reduced drilling and fracking expenditures by…
Tyson Foods Inc. is set to close several beef plants in the US, including facilities in Illinois and Utah, and is pursuing the sale of another plant in Washington. The move is a response to the historic US cattle shortage,…
U.S. retail sales unexpectedly fell 0.6% in July, marking the largest monthly decline since May 2025, as the temporary boost from tax refunds faded. The drop was led by a 1.8% decline in vehicle sales and a 2.2% fall in…
The National Truck Driving and Step Van Driving Championships (NTDC) has announced 45 finalists who will compete for the Bendix Grand Championship in Pittsburgh on August 14, 2026. The finalists emerged from an initial field of 429 competitors representing 49…
Volkswagen AG is accelerating cost-cutting measures that now extend to its majority ownership of truck maker Traton SE. The German automaker, which currently holds an 87.5% stake in Traton—valued at €16.6 billion ($19.1 billion)—plans to reduce its holding to 75%…
Global oil prices surged on August 14, 2026, after two United Arab Emirates tankers were attacked while transiting the Strait of Hormuz, a critical chokepoint for roughly one-fifth of the world’s daily oil supply. Brent crude, the international benchmark, rose…
A Cornwall-based electric vehicle firm, Watt Electric Vehicle Company (WEVC), has partnered with Qatari investment group JTA International Investment Holding to build Qatar’s first dedicated EV manufacturing plant. The plant will produce two models initially, a passenger car and a…
Lanzante has pulled the wraps off its McLaren 95-59, a three-seat F1 tribute built on the McLaren 750S chassis with a central driving position and bespoke bodywork. The heart is a McLaren 4.0-liter twin-turbo V8 tuned to 850 horsepower, mated…
Ford has announced that it will stop importing Chinese-built Lincoln vehicles to the US starting in 2030 and will expand US production to replace them. The current Lincoln Nautilus, which is assembled in Hangzhou, China, and exported to the US,…