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Hyundai is rerouting ships around Africa to avoid the Strait of Hormuz, slowing the automaker’s global supply lines.

The price for a barrel of benchmark U.S. crude oil plunged 15.6% to $95.32. Brent crude, the international standard, tumbled 13% to $95.12 per barrel

While shipowners and insurers lined up to welcome the ceasefire, they also warned that more details will be needed to determine if safe transit is possible.

Rio Tinto and Century Aluminum raised the premium on aluminum blocks known as billets by about 3 cents a pound, or $110 a ton, above prewar levels.

FedEx has said it’s separating the freight and parcel operations to better focus on each business.

Exxon, which also said first-quarter earnings from its energy-products division would be lower, is among the first of the supermajors to disclose the war’s impact.

A unit of Hong Kong’s CK Hutchison said that Maersk had undermined a contract over operations of ports at either end of the Panama Canal.

Love’s Travel Stops opened new locations in Laurel, Mont., and Albuquerque, N.M., the company announced April 2.

The price for a barrel of benchmark U.S. crude climbed 3.9% to $116.83. Brent crude, the international standard, added 0.7% to $110.55.

Under the proposal, motor carrier safety operations and programs would be funded at $398 million, while motor carrier safety grants would total $548 million.