U.S. President Donald Trump escalated tensions with Iran on June 11, 2026, by threatening to launch major strikes and seize “total control” of Iran’s oil and gas industries, including the critical Kharg Island oil terminal. In a social media post, Trump … Read more
The opening of the Gordie Howe International Bridge across the Detroit River has been delayed due to ‘outstanding issues’. The bridge, jointly owned by Canada and Michigan, was set to open on June 15. However, the opening has been put on … Read more
Oil prices eased on June 11, 2026, after an early surge when the U.S. launched a second round of airstrikes against Iran, keeping Middle East tensions at the forefront of market concerns. Brent crude, the global benchmark, dropped 90 cents to … Read more
Michelin has spotlighted its specialty tire division—an often-overlooked but strategically vital engine of growth and innovation for the Group. These high-tech tires are engineered for extreme environments where failure isn’t an option: mines, air transport, agriculture, defense, logistics, construction, and motorsport. … Read more
Nexen Tire has completed a semester-long tire research and development programme with the College of Engineering at Seoul National University. The programme, which was incorporated into the university’s regular curriculum, focused on AI- and virtual simulation-based tire development. It included lectures, … Read more
Goodyear Tire & Rubber Company has priced a $1.05 billion senior notes offering due 2032 at 100% of face value, carrying an annual interest rate of 8.875%. The Akron-based tire giant expects the deal to close on June 4, 2026, pending … Read more
Global shares mostly rose on June 2, after U.S. President Donald Trump said Israel and Hezbollah had agreed to dial back fighting. However, oil prices are still well above prewar levels, with Brent crude slipping $1.49 to $93.49 a barrel. The … Read more
The White House is reducing tariffs on farm and construction equipment from 25% to 15% to alleviate cost pressures and stimulate near-term industrial investment. The move, which takes effect on June 8 and will run through the end of 2027, aims … Read more
General Motors is staring down a potential shutdown of its Flint, Michigan pickup truck plant within two weeks after workers at axle supplier Dauch Corp. walked off the job late Sunday. The strike at Dauch’s Three Rivers, Michigan facility—home to about … Read more
EU lawmakers have cleared a US trade deal for final approval, paving the way for ratification before President Donald Trump’s threatened deadline to impose new tariffs. The European Parliament’s trade committee greenlit the agreement on June 2, with the full European … Read more