Ford said its second-quarter U.S. sales fell 10.3% from a year earlier, citing the phaseout of the Escape and Lincoln Corsair and a sharp drop in commercial fleet deliveries. F-Series sales slipped 11% as the company dealt with delayed commercial production tied to last fall’s aluminum supply shortages after two fires at supplier Novelis, and Ford is working to add 50,000 trucks to inventory. Even with the broader decline, Ford said its estimated June retail market share rose 0.2 percentage points to 12.3%, supported by higher-margin SUVs and F-Series trucks.

Tensions between the U.S. and Iran have eased, but shipping remains cautious in the Strait of Hormuz, keeping crude trading in the $60s to low $70s a barrel. Michigan’s average gasoline price rose to $4.08 a gallon, up 82 cents from a year earlier. AAA and GasBuddy said holiday travel demand is lifting pump prices, while oil-cost pass-through and a geopolitical risk premium are supporting near-term pricing. The article also notes Exxon was named by President Donald Trump in a requested probe, but cites no evidence of a material impact on its operations or financials.