U.S. oil posted the biggest weekly gain on record as the war in Iran upends critical energy market flows, with shipping through the Strait of Hormuz at a near-total halt.

In a desperate bid to transport oil from the U.S. Gulf Coast to Asia, shippers have taken the unusual step of booking smaller vessels as costs soar for the massive tankers typically used. 

In 2025, drivers prioritized reliable execution and predictable outcomes over short-term incentives, especially regarding their equipment, miles, pay and communication.

The news comes as the EV market is at a standstill amid the Trump administration steering federal support away from electrification in favor of a broader agenda supporting the oil and gas industries.

Panama Ports cites the Central American nation's “illegal state takeover” of the Balboa and Cristobal ports, and challenged a Feb. 23 executive decree it said authorized the seizure of its assets.

The move follows a March 4 order by a judge on the federal trade court in New York to stop calculating President Donald Trump’s emergency tariffs on importers’ customs paperwork.

 Congressional Republicans renewed calls for stricter English‑language requirements for CDL holders, citing safety concerns highlighted in President Donald Trump's State of the Union.

The escalating war has choked off oil and gas supplies to key customers in Asia and Europe and sent energy prices soaring.

Canal revenue increased 8%-10% in the first five months of its fiscal year 2026, which started in October, compared to the same period a year earlier. The canal saw a record $5.7 billion in FY 2025. 

The job market had been expected to rebound this year from a lackluster 2025 when the economy, buffeted by President Donald Trump's erratic tariff policies, generated just 15,000 jobs a month.

“You can’t sugarcoat this report,” said Brian Jacobsen of Annex Wealth Management. “A negative payrolls number combined with a big jump in oil prices will have traders worrying about stagflation risks.”

The value of retail purchases decreased 0.2% after no change in December, Commerce Department data showed March 6. Excluding car dealers, sales were little changed.

Maersk will temporarily halt its FM1 Service, which connects the Far East to the Middle East, and its ME11 Service, which links the Middle East to Europe, according to a notice to customers on March 6.

A review of shipping signals have confirmed only two commercial transits in the past 24 hours, the Joint Maritime Information Center said in a note on March 6.

CK Hutchison's plans to sell its global ports are at an impasse a year after the deal was announced, with hopes pinned on a meeting between Donald Trump and Xi Jinping to yield a breakthrough.

Ex-First Brands CFO Stephen Graham pleaded guilty over a fraud that drove the auto parts supply firm into bankruptcy, and he will testify against company founder Patrick James and his brother Edward.

Diesel prices rocketed in the immediate aftermath of the joint U.S.-Israel attacks on Iran, and the military escalation that followed set in motion a wave of geopolitical uncertainty.

Costco Wholesale's quarterly profit rose more than expected, showing the club chain is capitalizing on an extended period of sales growth. 

Amazon.com's website and mobile app malfunctioned for some users March 5, with critical features like product listings and checkout options producing error pages. 

U.S. companies added the most jobs since November last month — 63,000 — adding to evidence of some stabilization in the labor market.