Transport Topics

• Shipowners See More Hormuz Transits as U.S. Gives Advice

  Shipowners are increasingly optimistic about a pickup in traffic through the Strait of Hormuz after more vessels left the waterway this week.

• Congress Returns With Focus on Affordability and Fuel Prices

  Congress returns to Capitol Hill on June 1 after the Memorial Day recess to re-engage in midterm election politics driven by partisan affordability messages.

• House Bill Could Bar Mercedes Over China Ownership Stakes

  Lawmakers are weighing legislation that would ban carmakers with ties to foreign adversaries, a measure that threatens to upend Mercedes-Benz's U.S. business.

• Tomato Prices — Up 40% — Now a Symbol of Grocery Sticker Shock

  Tomatoes, ubiquitous in everything from fast-food burgers to haute cuisine, are taking on a new role beyond the plate: A nagging reminder of rising costs.

• Oil Prices Decline on Hopes for Ceasefire in Iran War

  Brent crude, the international standard, fell 2.1% to $90.78 a barrel. 

• An Old American Pickup Truck Becomes More Than a Workhorse

  Pickups were made for work. They became icons of a rural ideal, potent enough to inspire and populate many a country song.

• Quarter of Large Oil Tankers Trapped by War Have Escaped

  Twenty-nine of the 109 bigger vessels, which were stranded when the Strait of Hormuz was effectively shuttered after the conflict erupted on Feb. 28, have crossed the chokepoint.

• Ford Stock Set for Best Month Since 2009 Financial Crisis

  Ford’s newfound status as a possible beneficiary of the artificial intelligence boom sparked an investor frenzy, with its stock surging more than 40% in May.

• Toyota Halts Lexus EV Plans Under Broader Investment Review

  Toyota’s decision underscores how major automakers are recalibrating their electrification goals as demand growth slows and government incentives become less certain.

• Ships Attacked in Hormuz This Week, Chevron CEO Says

  Chevron would not consider paying a toll to move ships through the Strait of Hormuz, CEO Mike Wirth said.