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  • Trucking and construction industry trade groups are pushing back against a proposal to temporarily pause the federal gas tax.
  • The national average price of gas has risen steeply since the start of the Iran war in February.
  • Opponents note a gas tax suspension would raise the federal budget deficit and could harm roads and transit across the U.S.

Gas tax holiday as Trump promises? Not so fast, trucking, construction industries say

President Donald Trump and lawmakers are eyeing federal gas tax relief, but opponents argue a pause wouldn't help consumers and could harm roads.
www.cnbc.com
 

Two India-Bound LPG Tankers Add to Uptick in Hormuz Transits

Two India-bound vessels laden with cooking fuel from the Persian Gulf appear to have transited the Strait of Hormuz, making them the latest to exit despite continued restrictions from the US and Iran.
gcaptain.com

Second Japan-linked Oil Tanker Sails Via Strait of Hormuz as PM Asks Iran to Help Out

A Panama-flagged crude oil tanker managed by Japanese refining group Eneos 5020.T has passed through the Strait of Hormuz, ship-tracking data from LSEG showed on Thursday, the second instance of such a Japan-linked oil ship making it through.
gcaptain.com
 

Why Big Oil is opening new frontiers | FT Film​

May 14, 2026 #suriname #totalenergies #granmorgu
Suriname, South America's smallest and greenest country, is tying its future to a $10.5bn offshore oil development led by TotalEnergies. As energy markets around the world reel from wars with Russia and Iran, the FT looks at why offshore explorations like this have become increasingly important, despite the energy transition.

Why Big Oil is opening new frontiers | FT Film
 

20-year-old LNG vessels become hot property - Splash247

Seven large LNG carriers built between 2005 and 2006 have changed hands since the disruption in the Strait of Hormuz tightened global LNG availability, driving prices higher and forcing Asian buyers to seek alternative supply sources. The buyer behind one of the latest sales has now emerged...
splash247.com
 

Sideways trend continues - LNG Shipping Stocks

Summary The UP World LNG Shipping Index lost 3.11 points (1.43%) last week, closing at 214.72 points, while the S&P 500 gained 0.13% — its seventh consecutive weekly gain. The UPI continues to move sideways within a support range bounded by 212 and 219 points, with the median change at -0.52%...
lngshippingstocks.com
 

Japan to Receive First Oil Tanker to Exit Hormuz Since War Began

Japan — one of Asia’s biggest importers of energy from the Middle East — flagged the impending arrival of the first Persian Gulf oil shipment to transit the contested Strait of Hormuz since the Iran war began.
gcaptain.com

UAE Left OPEC to Pump More as End of Oil Era Looms, Presidential Adviser Says

The UAE's decision to leave OPEC was three years in the making and is based on its view the world is near the “autumn of the hydrocarbon age”, meaning the country needs to maximize oil revenues while it can, a senior adviser to the president said.
gcaptain.com
 

Canada to Supply Germany With LNG From $7.3 Billion Export Project

Canada is set to announce a deal to supply Germany with liquefied natural gas from a planned export facility on the coast of British Columbia, according to people familiar with the matter.
gcaptain.com

Adnoc Exports Another LNG Shipment Through Hormuz to India

Another tanker carrying liquefied natural gas from Abu Dhabi National Oil Co. has exited the Strait of Hormuz, adding to a recent uptick in energy flows through the vital waterway.
gcaptain.com
 
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