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The U.S. Senate’s tax-writing panel in June put its official stamp on the chamber’s upcoming budget bill, which will notably not include a fee on electric and hybrid vehicles.

Against the backdrop of rising tensions in the Middle East, the national average price of a gallon of diesel increased for the third consecutive week, spiking 20.4 cents to $3.775 a gallon.

“It would be a shame to build these facilities and then all of a sudden you have to scale back on the most important part of it, which is people,” a Ford vice president told reporters.

Earlier this month, nearly 100 representatives of medium- and heavy-duty truck dealers gathered in Washington, advocating for common-sense policies supporting the trucking industry.

In the shale oil fields of Texas, North Dakota and New Mexico, executives are unlikely to change their capital budgets based on abrupt price moves from U.S. military strikes on Iran.

The war between Israel and Iran has raised concerns that Iran could retaliate by trying to close the Strait of Hormuz, the world’s most important oil chokepoint.

Tanker rates extended gains as tensions in the Middle East ratchet higher, with shipowners demanding bigger fees to call at ports in the Persian Gulf after the U.S. launched strikes on Iran.

President Donald Trump demanded that energy producers push down crude prices following U.S. military strikes on Iran.

Global markets appeared to take the U.S. strike against nuclear targets in Iran in stride as investors watched June 23 to see how Iran will react.

Keyera agreed to buy Plains All American Pipeline’s Canadian natural gas liquids business and some U.S. assets for C$5.15 billion, bulking up its pipeline system around the country.