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The price of Brent crude, the international standard, jumped 6.5% to $107.72. per barrel. Benchmark U.S. crude rose 11.3% to $111.44 per barrel.

Britain accused Iran on April 2 of holding the world's economy hostage as diplomats from more than 40 countries held talks.

Production of a new U.S.-made EV will begin this year, followed by another model in 2027; that will bring its total EV lineup in the U.S. to seven models.

The company delivered 358,023 vehicles worldwide in the first quarter. It’s the second consecutive quarter that Tesla has fallen short of projections.

The gap in goods and services trade grew 4.9% from the prior month to $57.3 billion, Commerce Department data showed April 2.

Experts say differences in price aren’t typically decided by any individual gas retailer, and most of them aren't pocketing the extra pennies when prices rise.

The Trump administration is preparing to outline a tiered system for its broad tariffs on steel and aluminum products, according to sources.

Stellantis is discussing options for building electric vehicles in Canada with its Chinese partner, Zhejiang Leapmotor Technology, according to sources.

Soaring fuel prices from the Iran war are forcing oil traders into longer, stranger journeys, sending cargoes on routes that would normally make little sense.

Used Class 8 truck sales for February exceeded seasonal expectations amid strong gains for auction, wholesale and same-dealer sales.