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US Diesel Fuel Prices Hit Record High
NEW YORK, Sept 3 (Reuters) – Average U.S. diesel fuel prices jumped to record highs on Thursday, as a global supply crunch intensified. The national average price of diesel fuel hit $5.820 a gallon, according to fuel price tracking service GasBuddy. This beat the previous high of $5.819 a gallon recorded on June 17, 2022. Diesel prices have remained above...
The World’s Largest Container Carriers Are Rerouting Ships to Avoid the Persian Gulf as a Widening Military Conflict Pitting the USA-Israeli Alliance Against Iran Threatens to Disrupt Global Merchandise Trade
Freightwaves, Dubai, March 1 The United States and Israel launched attacks on Iran on Feb 28. Iran’s retaliation has targeted countries throughout the region, including US interests in the UAE, Qatar and Bahrain. The hostilities have also slowed the movement of ships, including those carrying oil and gas, in and out of the Strait of Hormuz amid warnings to avoid...
President Donald Trump’s Reworked Global Tariffs Began Tuesday, Feb 24, at a Rate of 10%, even though He Said over the Weekend That They Would Start at 15%
ABC NEWS, Feb. 24, 2026 On Friday, Feb 20, after the Supreme Court struck down most of Trump’s tariff agenda, he announced that he would quickly implement a 10% flat tariff for all trading partners using a different trade law. One day later, Trump posted on Truth Social that “effective immediately” he would be “raising the 10% Worldwide Tariff …...
(1) Supreme Court Rules IEEPA Tariffs Unlawful; (2) Trade Community Awaits Guidance on Potential Refund Process (3) Trump responds to Supreme Court Decision by Imposing a New 10% Global Tariff Under a Different Statute
Late Friday afternoon, in response to the Supreme Court’s earlier decision, Trump announced a new 10% global tariff under a different statute. The Friday Supreme Court ruling did not overrule tariffs, just a specific use of the International Emergency Economic Powers Act, which according to the Supreme Court did not grant Trump the power he claimed to impose tariffs. The...