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DOT Budget Blueprint Lifts FMCSA Funding to $946 Million

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

April 7, 2026

Trucking-Backed Cargo Theft Bills Move to Michigan Senate

Two companion bills intended to deter cargo theft by imposing higher criminal penalties are moving through the Michigan Legislature.

April 7, 2026

US Shale Drillers Expected to Lift Crude Output

The 68% surge in crude prices since the Iran war began roughly five weeks ago is incentive enough to compel American oil executives to ramp up output.

April 7, 2026

Shipping Constraints Mount as US Crude Exports Test Limits

Constraints in infrastructure and supply are likely to keep U.S. oil flows well below headline capacity figures often cited at around 10 million barrels a day.

April 7, 2026

Oil Prices Rise Ahead of Trump's Deadline to Reopen Hormuz

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.

April 7, 2026

Trump Links Iran Deal to Free Passage Through Hormuz

President Trump said April 6 that reopening the strait was “a very big priority,” despite also saying in recent weeks that it wasn’t among the core objectives.

April 6, 2026

Global Buyers Turn to US Oil After Hormuz Disruptions

Freight costs for very large crude carriers have surged. That’s creating a drag on export economics even as dock and pipeline capacities remain available.

April 6, 2026

OPEC+ Makes Symbolic Oil Hike, Sees Long Supply Hit From War

Key producers led by Saudi Arabia and Russia agreed to increase targets for May by about 206,000 barrels a day.

April 6, 2026

Hormuz Traffic Rises to Highest in Weeks

The strait saw 21 ships transit over the weekend as more governments negotiate to extract vessels, strengthening Tehran’s grip on the waterway.

April 6, 2026