President Donald Trump insists the Strait of Hormuz will fully reopen to global shipping by June 19, but European allies at the June 15 G7 summit in Evian-les-Bains, France, remain deeply skeptical. The dispute centers on conflicting accounts of an…
A tentative U.S.-Iran deal to reopen the Strait of Hormuz has started easing oil prices, but consumers won’t see immediate relief at the pump, grocery stores, or airports. Disruptions to oil, shipping, and fertilizer supply chains have driven up costs…
Global oil prices tumbled on June 15, 2026, after the United States and Iran reached a tentative agreement aimed at restoring the flow of crude through the Strait of Hormuz, a critical chokepoint for Asian oil imports. Brent crude, the…
Zeon Corp. is moving ahead with plans to streamline its elastomers portfolio, confirming that production at its first emulsion styrene-butadiene rubber (ESBR) line will cease during the current fiscal year. The group has also ended the production of nitrile butadiene…
UK-based Dunlop Aircraft Tyres Ltd reported a sharp swing from profit to loss in its 2025 annual report, directly linked to its exit from a supply contract for the Boeing C-17 fleet. The company posted a pre-tax loss of £291,000…
German sealing giant Freudenberg Sealing Technologies (FST) has unveiled Cell Caps 2, a next-gen battery cell cap that ditches traditional metal-and-plastic designs in favor of a liquid-elastomer injection process. The tech permanently bonds terminals directly into the cell cap structure…
Law enforcement agencies nationwide are reporting a surge in incidents involving commercial truck drivers operating without valid credentials, as stricter federal regulations and revoked non-domiciled CDLs remove thousands of drivers from the workforce. Recent crackdowns in seven states have exposed…
The German Rubber Industry Association (WDK) has emphasized the indispensable role of rubber products in enabling road transport, highlighting components like fuel hoses and charging cables as critical for transferring energy to vehicles regardless of propulsion technology. Speaking as part…
U.S. medium-duty truck sales (Classes 4–7) slumped 4.7% year-over-year in May, landing at 17,663 units versus 18,532 in May 2025, according to Omdia Automotive. The slide marks the 14th consecutive month of below-prior-year performance, a streak that began in January…
Volvo Trucks North America (VTNA) will expand its remote over-the-air (OTA) software update capability in late 2026 to allow VNL and VNR trucks to receive updates while unoccupied. The feature, which lets drivers initiate an update, lock the truck, and…