Shippers in Asia and Europe said confidence in resuming transit through the Strait of Hormuz could take weeks to rebuild and navigation will only restart once safety is assured, after the US and Iran agreed on a framework deal to reopen the waterway

WATCH: Shippers in Asia and Europe said confidence in resuming transit through the Strait of Hormuz could take weeks to rebuild and navigation will only restart once safety is assured, after the US and Iran agreed on a framework deal to reopen the waterway

A group of the world's largest shippers has made the largest electric truck order in U.S. history, ordering 2,500 all-electric Class 8 trucks. @Tesla was picked as the only primary manufacturer, with Kenworth, RIDE and Volvo named as secondary OEMs that carriers can pick instead.

🚨 JUST IN — TRUMP SCORES HUGE LEGAL WIN: US International Trade Court APPROVES President Trump striking down a massive loophole used by foreign shippers to avoid paying America billions of dollars LFG 👏🏻 "In 2024 alone, de minimis cost America an estimated 10.8 BILLION DOLLRS in foregone TARIFF Revenue, and an astonishing share of narcotics and counterfeit seizures came through the de minimis channel. So, we CLOSED IT." "With the stroke of my mighty pen — NO AUTOPEN!!! — we ended this ridiculous giveaway, and made Foreign Goods play by the rules. The Importers sued. Today, THEY LOST. The Court ruled that the President had the Legal Authority to rescind this so-called 'privilege.'" "BIG WIN today at the U.S. Court of International Trade on one of the most DESPICABLE loopholes in American Trade Policy — The so-called “de minimis” exemption." "America is now SAFER, our Workers are better protected, and BILLIONS in TARIFF Revenue that used to slip through this loophole can instead help pay for our Great Military, Tax Relief, NO TAX ON TIPS, and NO TAX ON SOCIAL SECURITY. AMERICA FIRST TRADE — AND AMERICA FIRST LAW ENFORCEMENT! President DONALD J. TRUMP"

Doubts swirled around the US-Iran interim deal to end the war in the Middle East as shippers said it could take weeks for confidence to return after any reopening of the Strait of Hormuz, and fundamental questions remained unanswered

Tesla was selected as the primary OEM for the largest electric Class 8 order in the US by ZET SCALE, a new shippers’ alliance With 2,500 Semis on order, this will double the entire US electric Class 8 fleet We’re serious about scale, and ZET SCALE is too!