President Donald Trump told Axios he will not lift a naval blockade of Iran’s ports until he secures a deal with Tehran to address the country’s nuclear program.

After the plans to go public fell apart, PlusAI stressed that it had “significant commercial momentum and remains strongly positioned for long-term growth.”

Brent for delivery in July, which is where more of the trading is happening in the oil market, rose 5.3% to $109.92.

Werner Enterprises said its Q1 results reflected gains from strategic efforts to reposition operations, resulting in higher revenue and a narrowed net loss.

Tehran could be using retired ships to keep loading oil. The U.S. blockade means tankers carrying Iranian oil remain stuck in the Persian Gulf or the Gulf of Oman. 

U.S. crude exports surged to a record above 6 million barrels a day as the Iran war sends overseas buyers hunting for replacements to Middle Eastern oil.

Connected trailer technology is transforming cargo-theft prevention from passive tracking to active access control, said Jeff Irish, general manager of Road Ready.

A Japan-linked oil tanker completed a rare transit of the Strait of Hormuz, as the effective closure of the waterway enters its third month.

The extended closure of the Strait of Hormuz and extreme weather have jolted farm commodities prices to a two-year high.

FMCSA has begun rolling out new identity-verification requirements for its Drug and Alcohol Clearinghouse aimed at curbing fraud in the online database.

There were three confirmed hijackings in the past week alone, with pirates boarding two cargo vessels and a tanker, according to the U.K. Maritime Trade Operations.

Fleets are increasingly adopting connected trailer technology for real-time monitoring, better trailer health visibility and to diagnose and address problems early.

Revenue dipped 11%, with the transpacific route seeing the biggest growth decline.

Brent to be delivered in July was up 3%, at $107.61. Benchmark U.S. crude gained 3.4% to $103.32 a barrel.

Supply chain disruptions stemming from the Iran war are starting to create choke points across Japan, including the network of companies surrounding Toyota.

ArcBest Corp. posted an increase in first-quarter revenue despite freight market uncertainty, the company reported April 28.

American imports of Chinese used cooking are set to accelerate as increased U.S. biofuel-blending requirements kick in and the Iran war drives up energy costs, making the feedstock a relative bargain.

The trucking industry is insisting lawmakers include long-term funding for truck parking in the next surface transportation reauthorization.

The Appalachian region holds enough lithium — a key ingredient in EV batteries — to curb U.S. reliance on imports for centuries, the U.S. Geological Survey says.

For the first three years of the AI boom, Amazon watched as cloud customers seeking the latest and greatest from OpenAI took their business to Microsoft.