ANN ARBOR — A sudden escalation in Middle East tensions is rippling through the global economy, and Michigan businesses may soon feel the impact in the form of higher fuel costs, rising prices, and renewed pressure on supply chains. The flashpoint is the Strait of Hormuz, a narrow shipping corridor that handles roughly one-fifth of
WASHINGTON DC - Americans are beginning to feel the cost of the U.S. war with Iran in two places that matter most: at the gas pump and in their investment accounts. Gas prices that hovered around $3.25 just weeks ago are now pushing toward $4.50 in parts of the country, including Michigan, as global oil
WASHINGTON DC - The Biden administration announced a proposal to require raising fuel economy standards to 58 miles per gallon. The proposal, from the Department of Transportation's National Highway Traffic Safety Administration (NHTSA), would aim for a respective 2% annual increase for passenger cars, and a 4% increase in light trucks' Corporate Average Fuel Economy
HOUSTON, Texas - Many oil majors and several governments around the world are betting big on the future of green hydrogen, viewing it as a major new replacement for fossil fuels. Numerous European countries, as well as international energy firms, have already invested heavily in the development of green hydrogen projects, with more looking to
