Some carriers are attempting to introduce “war surcharges” on lanes with no direct exposure.

Average U.S. diesel prices sat at $5.04 per gallon as of March 17, marking a 34% increase from the first day of strikes by the U.S. and Israel against Iran.

While the rates are high, it’s also a sign that cover remains available for the handful of vessels looking to cross the vital waterway.

"We want the world to be well supplied," Treasury Secretary Scott Bessent said in an interview with CNBC.

The Islamic Republic hasn’t asked for talks or a ceasefire after Trump told NBC on March 14 that he’s willing to make a deal but wants better terms.

The attack on the Greek ship may be linked to “the pressure that countries in the region are applying,” Greek shipping minister Vasilis Kikilias said.

DP World saw its revenue increase by 22% year-over-year to $24.4 billion, and its earnings before interests, taxes, depreciation and amortization rise by 18% to $6.4 billion.

Any prolonged closure of the Strait of Hormuz threatens to tighten global energy supplies with each passing day.

With tanker traffic through the strait dropping by 90%, it's not hard to draw a straight line between the ongoing conflict and widespread supply chain disruptions.

Several airports across Europe, including Berlin, Munich, Oslo and Copenhagen, faced disruptions in recent months after suspected drone sightings.