Iran announced on August 5, 2026, that it had reached a tentative agreement with Oman to establish a shipping route through the Strait of Hormuz, a critical chokepoint for global oil supplies. The deal, still in the final drafting stage…
U.S. Energy Secretary Chris Wright confirmed on August 4, 2026, that the Trump administration is likely to extend a temporary waiver of the Jones Act, a 1920 law requiring goods shipped between domestic ports to be transported on U.S.-flagged, -built,…
Eight of the world’s largest shipping associations have jointly urged the United Nations and the International Maritime Organization to block any compulsory transit fees or service charges in the Strait of Hormuz, warning that such a move would set a…
Cummins raised its 2026 North American heavy-duty truck demand forecast to 240,000–250,000 units, citing stronger replacement demand driven by a freight market rebound. The company’s top executive, Jennifer Rumsey, said during the Q2 2026 earnings call that underlying demand is…
Uber Technologies Inc. delivered a third-quarter bookings outlook that met analyst expectations, but flagged fierce competition in Brazil as a key drag on trip growth, compounding investor concerns about the company’s trajectory in the robotaxi era. The San Francisco-based company…
Oil prices have increased despite ongoing talks that may lead to the reopening of the Strait of Hormuz. Brent crude rose 1.4% to $80.45 per barrel, while US benchmark crude picked up 0.7% to $76.29 per barrel. The increase in…
Borusan Otomotiv, BMW’s official importer in Türkiye and its largest global distributor, is a major partner of the Türkiye Pavilion at the 61st International Art Exhibition – La Biennale di Venezia, running through November 22, 2026. The pavilion, commissioned by…
Barcelona-based Stark Future has dropped a bombshell: its electric Varg EX has overtaken every gas-powered rival to become the world’s best-selling enduro motorcycle. The claim comes with hard numbers—first-half 2026 revenue hit €86.0 million (about $99 million), a 46% jump…
US President Donald Trump stated that a deal to reopen the Strait of Hormuz could be reached as early as August 5, as Iran and Oman are nearing an agreement. The strait’s closure has halted shipping and disrupted a route…
China’s electric-vehicle market, long the engine of global EV growth, has abruptly reversed course. Year-on-year deliveries of new battery-electric cars fell 14% through the first half of 2025, according to the China Passenger Car Association, with 4.7 million EVs registered…