The waiver reflects increasing supply concerns over certain fuels due to the effective blockade of the Strait of Hormuz.

Farran Powell is the managing editor of investing at Forbes Advisor. She was previously the assistant managing editor of investing at U.S. News & World Report. Her work has appeared in numerous ...

Oil price spikes cause recessions; stable high prices don't. Here's why the distinction matters for your business planning in ...

Fuel prices have ballooned since the U.S. and Israel started airstrikes against Iran. As of April 7, gasoline was up 40% and diesel up nearly 50% from six weeks earlier, before the strikes began ...