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The Iran conflict has caused major disruptions to global supply chains that experts warn could ripple down to domestic trucking.

Experts say prolonged high gas prices may drive some EV interest and sales, especially if drivers assume their electricity prices won't be affected by the crises.

North American Class 8 truck orders jumped year over year in February, with ACT Research preliminary data showing orders rose 156% to 46,200 units.

“The United States is the largest oil producer in the world, by far, so when oil prices go up, we make a lot of money,” Trump posted on social media.

The gap in goods and services trade shrank more than 25% from the prior month to $54.5 billion, Commerce Department data showed March 12.

Iran has escalated its attacks aimed at generating enough global economic pain to pressure the U.S. and Israel to end the war, targeting oil fields and refineries in a handful of Gulf Arab nations.

Prices of fuels like diesel and jet fuel are surging as refineries in the region reduce production or shut completely, while fuel makers elsewhere balk at high crude prices.

House Speaker Mike Johnson sought to calm concerns about rising fuel costs, saying the recent jump in prices will recede as the conflict with Iran stabilizes.

The Trump administration plans to release 172 million barrels from the U.S. emergency oil reserve as part of the coordinated effort by nations around the world to ease surging crude and fuel prices.

Starboard Value has amassed a stake of about $350 million in CarMax and sees an opportunity to accelerate the used car retailer’s turnaround under incoming CEO Keith Barr.