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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
 
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