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The Trump administration is considering easing sanctions on shadow fleet tankers to lower record global freight rates, a US official says.

iShares U.S. Energy ETF IYE is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and has surged 57.05% from its 52-week low price of $45.12 per share.

iShares U.S. Energy ETF (NYSEARCA:IYE - Get Free Report) hit a new 52-week high during mid-day trading on Monday. The company traded as high as $69.91 and last traded at $69.3830, with a volume of 105,289 shares trading hands. The stock had previously closed at $68.55. iShares U.S. Energy ETF Trading Up 1.5% The firm's

Rockland Trust Co. bought a new position in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) during the undefined quarter, according to its most recent 13F filing with the SEC. The firm bought 22,327 shares of the company's stock, valued at approximately $1,447,000. Rockland Trust Co. owned 0.09% of iShares U.S. Energy ETF

US Energy Secretary Chris Wright has contacted executives at several major American refiners in recent days to gauge support for a voluntary restriction on diesel exports as the Trump administration searches for ​an alternative to a short-term ban, according to three people familiar with the discussions.