Treasury

Trucks

Treasury flags cartel-linked fuel smuggling through US companies

July 16, 2026 2:22 pm, EDT Tanker trucks wait at Petroleos Mexicanos’ storage and dispatch terminal. (Felix Marquez/Associated Press) key takeaways: FinCEN issued an alert on June 30 detailing cartel-linked schemes that use U.S. freight and logistics companies to smuggle fuel into Mexico. These schemes divert billions of dollars annually from Mexican tax revenues through

Read More
Trucks

Treasury revokes exemption for Iranian oil sales

(Majid Saeedi/Getty Images) July 7, 2026 4:00 pm, EDT key takeaways: The Treasury Department revoked Iranian oil sales waivers effective July 7 following the tanker attacks in the Strait of Hormuz. Oil prices rose as the move threatened a 60-day peace accord, stoking supply fears and stoking market volatility. Negotiators are working toward a final

Read More