The Iran war has caused the biggest disruption of global oil supplies in history. But the conflict hasn’t done much damage to the American job market so far.

Brent crude, the international standard, dipped 0.2% to $99.84 per barrel. Brent crude was roughly $70 a barrel before the Iran war began.

A split three-judge panel of the Court of International Trade in New York found the 10% global tariffs were illegal after small businesses sued.

Lyft forecast second-quarter results that beat Wall Street estimates, as the ride-sharing company expands internationally and adds higher-end offerings.

President Trump said that goods from the EU would face higher tariff rates if the 27-member bloc fails to approve last year’s trade framework by July 4.

President Trump is forging ahead with plans to hold a summit with counterpart Xi Jinping next week in Beijing despite unease in China over the Iran war.

The transaction will give EQT a 70% interest in the North American venture, with Americold retaining the remaining 30%, the companies said May 7.

RXO CEO Drew Wilkerson expressed optimism that the freight market is recovering and that the company is well positioned for the upturn while reporting first-quarter results May 7.

The FBI has issued a public alert about “surging” cargo theft cases involving cybercriminals impersonating a broad range of legitimate freight companies.

The move has raised concerns about eroding the freedom of navigation on which global trade depends.

Iran’s grip on the Strait of Hormuz has jolted the world economy. Here is a look at the strait by the numbers.

Transportation Secretary Sean Duffy highlighted the revoked non-domiciled CDLs among a list of one-year accomplishments to support the trucking industry.

The move comes as the administration has vowed to find ways to refill the Strategic Petroleum Reserve, which has seen additional declines during the Iran war.

Shell, which recently announced the acquisition of Canadian oil and gas producer ARC Resources, cut its quarterly share buyback and raised its dividend.

The Iran war has raised expenses by about $500 million a month, Maersk CEO Vincent Clerc said.

DoorDash said demand for deliveries remained strong in the January-March period despite higher gas prices, with total orders rising 27% to 933 million.

Brent crude, the international standard lost $3.30 to $97.97 per barrel.

The Trump administration has begun paying out refunds for the $166 billion in global tariffs that the Supreme Court declared unlawful earlier this year.

GXO Logistics Inc. on May 5 reported first-quarter revenue and earnings growth, supported by a swing from a loss to a profit year over year.

“Ultimately, it’s still going to come back to the primary issues of risk and safety," that shippers have to evaluate.