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Iran is trying to set up a tolling system, seeking payments of as much as $2 million per voyage through the waterway.

Brent crude is on pace for a record monthly gain in March, as the war between the U.S., Israel and Iran has rocked the oil-rich Middle East.

Treasury Secretary Scott Bessent said a U.S. insurance program meant to boost shipping through the Strait of Hormuz will begin soon.

Hourslong security lines at airports due to the partial government shutdown are paying off for car-rental companies like Hertz and Avis.

Four of the six largest swings ever seen in international oil benchmark Brent futures have come since the war started at the end of February.

Doubt is taking over again on Wall Street from hope about a possible end to the war with Iran, and stocks are back to sinking as oil prices rise.

Program Aired: March 26, 2 p.m. ET Join industry specialists for a discussion on cargo theft trends and the state of market regarding contingent auto. Learn how these issues are impacting trucking companies today and what fleet leaders should be considering to manage risk in an evolving environment.

Freight tonnage in February reached its highest level in three years, American Trucking Associations reported March 24.

Consumers are responding to one of the largest disruptions in global oil markets by embracing low-carbon technologies that promise to lower gas and power bills.

USPS will impose a surcharge to offset rising fuel costs, sources said, a sign that the beleaguered mail carrier is feeling the strain of higher oil prices.