Even if movement is restored, “the vase has been broken. You can’t glue it back together,” chief Fatih Birol said.

Morgan Stanley says a closure into late June "is the regime in which Brent flat price has to do work it has so far been able to avoid,” referring to futures.

Brent crude, the international standard, gained $2.71 to $104 per barrel.

Aramco's East-West Pipeline across Saudi Arabia to the Red Sea is operating at its maximum capacity of 7 million barrels of oil a day.

Artificial intelligence is driving tangible improvements in fleet maintenance operations, including predicting parts failures and analyzing performance data.

Tesla is attempting to facilitate demand by offering low-cost charging equipment on an industrial scale to carriers.

Forward Air Corp. noted first-quarter headwinds, plus the loss of a major portion of business, while reporting financial results May 7.

Tesla is also recalling more than 200,000 Model Y, Model S Model X and Model 3 vehicles because of a software issue that renders the rearview camera inoperable.

Tehran has tightened its grip on the waterway, requiring shipowners to submit detailed information to its Persian Gulf Strait Authority.

Lime has expanded aggressively in recent years, launching in more than 20 cities including Tokyo and Athens.

Amplify Cell Technologies’ planned battery cell production facility in Mississippi is facing more delays, one of the joint venture’s shareholders said May 6.

The case targeted Agri Stats, which collects nonpublic information from meat processors and shares the data in detailed reports with the industry.

The increase in the gauge — which tracks grains, sugar, meat, dairy and vegetable oil costs — marks the third consecutive month of gains. 

One of the biggest impacts on the industry from the war is higher transportation costs. The cost of retail diesel touched record seasonal levels in mid-April.

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.