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The U.S. economy, hobbled by last fall’s 43-day government shutdown, advanced at an unexpectedly sluggish 0.7% annual rate from October through December, the Commerce Department reported.

Brent crude traded near $100 a barrel following one of the most volatile weeks ever for the oil market, with investors bracing for more upheaval as Iran pledged to keep the Strait of Hormuz shut.

If higher energy costs persist, routing cargo through Panama can cut voyages by between three and 15 days, depending on the route, while reducing fuel consumption, Ricaurte Vásquez said.

The administration has rushed to construct a new tariff regime after the Supreme Court ruled that the president violated the Constitution by imposing many of his previous duties using an emergency law. 

It’s unclear how much extra oil the step will free up in practice, and it represents a fraction of what has been lost because of the Hormuz turmoil this month.

Democratic Gov. Gavin Newsom’s office blasted the lawsuit, noting it comes as gas prices climb amid the Iran war and as some drivers consider going electric.

The U.S., Japan and the EU are set to announce plans in the coming weeks to lay the foundation for a trade agreement in critical minerals, according to people familiar with the preparations.

Amazon is moving up its annual Prime Day sale to June from July, according to sources, shifting the schedule for an event that’s become a big part of the e-commerce economy.

Oil drillers in California have resorted to the costly alternative of trucking crude barrels 50 miles after the closure of a refinery and idling of a key pipeline cut off outlets for their products.

Daimler Truck is now confident about a rebound in North American heavy-duty truck sales in 2026 after the first couple of months of the year unfolded and the volume of data points increased.