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Global Trade & Economics: Page 23

U.S. Crude Inventories Drop by Most on Record as Exports Surge

The decline of 17.8 million barrels brings crude inventories to the lowest levels in nearly a year, according to data from the U.S. Energy Information Administration.

El Tigre, Venezuela. Photo: Bloomberg

At CNS Conference, Air Cargo Analysts Trace the Impact of the Middle East Conflict

Addressing the CNS Partnership Conference in San Francisco, two analysts presented a mixed diagnosis for the air cargo industry.

Andrew Matters of IATA addressing the CNS Partnership Conference.

EU Finalizes Terms of Trade Deal With U.S.

Following five hours of debate between the European parliament and member states, the EU approved a version of the deal that includes several new safeguards.

Photo: iStock.com/AlxeyPnferov

India Prepares to Send Oil Tankers Through Hormuz for New Supply

State-owned Shipping Corp. of India is ready to go back to the Persian Gulf once it has approval from the Indian Navy.

An aerial 3D illustration render of cargo ships stuck in the Strait of Hormuz. Image: iStock/quantic69

DOJ Unveils Price-Fixing Charges in Shipping Container Case

According to the indictment, the conspiracy began as early as March 2019, when company executives began discussing prices and supply of containers.

Container ships at the Port of Arica in Arica, Chile. Photo: John Moore/Getty Images via Bloomberg

UN Cuts Global GDP Growth Forecast

UN Department of Economic and Social Affairs Director Shantanu Mukherjee said that this would represent one of the weakest growth rates so far this century.

Photo: iStock / thitivong

FMC Eyes Expanded Role in Protecting U.S. Cargo

Speaking at 2026's AgTC conference in Tacoma, Washington, on May 19, FMC Chairman Laura DiBella detailed the agency's overarching goal to return to its roots.

FMC Chairman Laura DiBella speaking at AgTC 2026 in Tacoma, Washington. Photo: SCB File Photo

Ford in Talks to Supply Military Trucks in Europe, North America

The talks, which began last year, are “productive,” though they haven’t yet yielded a contract, the automaker said in a May 18 blog post.

Photo: iStock.com/gopixa

Iran War Could Push Global Hunger to Record Highs

Nearly 45 million more people could fall into acute food insecurity or worse if the conflict doesn't end by the middle of the year, and if average oil prices stay above $100 a barrel.

Photo: iStock / Smederavac

UAE to Fast-Track Pipeline Bypassing Strait of Hormuz

The new pipeline is scheduled to come online sometime in 2027, and would double the UAE's oil export capacity.

Photo: iStock / onurdongel

U.S., Philippines Moving ‘Very Quickly’ on 4,000-Acre AI Hub Plan

The site in Clark will be Pax Silica’s first AI-native industrial acceleration hub, envisioned to support emerging industries in AI, digital infrastructure and advanced manufacturing.

Photo: iStock / Oleksii Liskonih

U.S., Iran Stall on Hormuz Reopening as Oil Supplies Tighten

Iran has shown little interest in loosening its hold on the waterway, insisting it wants to maintain a degree of control even after the end of the war.

Photo: Bloomberg

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