UK Allows US To Use British Bases for Strikes on Iran

Flatbed Truck Rates Hit New Highs As These Drivers Fuel Boom Flatbed trucking conditions have never looked stronger, with spot rates surging to record highs amid a mix of tightening capacity and rising industrial freight demand. "Flatbed trucking rates have hit a new all-time high as industrial demand and a crackdown on bad actors continue to shape trucking economics," said FreightWaves founder Craig Fuller. Fuller added, "It is a great time to be a compliant trucker in America." There are two drivers behind why U.S. flatbed spot trucking rates (via SONAR Flatbed...

Hormuz Shock Raises Recession Risk As Retailers Sound Alarm On Consumer Stress Oil market experts at Rapidan Energy Group warn that a prolonged closure of the Strait of Hormuz could trigger an oil shock severe enough to hit consumers hard and push the economy into a downturn on a scale approaching that of the 2008 Great Recession. That warning was reinforced by a UBS analyst, who cautioned that sharper slowdowns for working-class households could emerge this summer as gasoline pump prices average north of $4.50 per gallon this week and collide...