Oil is trading above $100 a barrel after efforts to resume peace talks stalled, leaving Hormuz almost impassable.

The waiver issued in March has already been used by ships transporting an array of goods — including renewable diesel, crude oil, ammonia, ethanol and gasoline.

The resurgence attacks linked to geopolitical tensions underscore a fundamental reality: Maritime security risks are not only logistical or financial concerns; they are human ones.

No other foreign-flagged vessel has shipped U.S. crude from the Gulf Coast to the Atlantic Coast since Trump waived the Jones Act.

India expanded the pool of approved Russian providers, alleviating the shortage of insurers to provide the liability coverage tankers carrying Russian oil need to legally enter its ports.

Around 800 ships remain stuck in the Persian Gulf after traffic through the Strait of Hormuz slowed to a trickle following the outbreak of the war. 

The U.S. is apparently continuing its naval blockade on ships accessing Iran.

Tehran again shut the waterway following a refusal by the U.S. to lift its own naval blockade of Iran’s vessels.

“Would you be the first penguin off the ice floe to test the water?” one shipowner asked.

Hormuz is “open and ready for business,” Trump said on Truth Social on April 17.