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So far in March, barely six vessels per day on average have traversed the strait. That compares with about 135 a day in normal times.

The EPA has approved a change regarding sensor requirements for diesel exhaust fluid systems in response to complaints from frustrated truck owners.

President Donald Trump on March 30 threatened widespread destruction of Iran’s energy resources if a deal to end the war with Tehran is not reached soon.

The rule requires refiners to mix a record 25.82 billion gallons of biofuels into conventional diesel and gasoline this year, EPA says.

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

Consumers expect prices to rise at an annual rate of 3.8% over the next year from 3.4% a month earlier, the biggest increase since April 2025.

The Bloomberg survey mirrors new estimates by the OECD, which sees higher inflation in the U.S. and other major economies.

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.

Unlike earlier this week when Trump announced that talks with Iran were progressing, investors appear to be skeptical of the president's latest claim.

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