On June 13, the global energy market reacted sharply to breaking news: Israel had carried out a strike on Iranian military targets. Early fears suggested a broader escalation could be underway, perhaps even one that would drag in Iran’s critical oil infrastructure. While that didn’t happen (Iran’s oil facilities were untouched), the market didn’t wait for confirmation. Diesel futures spiked nearly 8%. Crude oil prices … Read More
U.S. and China Agree to 90-Day Tariff Reprive: What It Means for Importers
After weeks of mounting trade tensions, the U.S. and China have struck a deal to significantly reduce import tariffs for 90 days, offering a crucial window of relief for global supply chains. The agreement, announced following high-level talks in Switzerland, will slash mutual tariffs by up to 115%. For many logistics and supply chain leaders, this temporary reprieve is a welcome reset after last month’s … Read More