The increasingly widespread issues are adding to headaches for producers and traders already grappling with the biggest oil supply shock in history.

The initiative will include projects to expand rail tunnels, upgrade screening technology for national security, and add new cargo terminals. 

“The conflict in the Middle East has posed significant challenges to the safety and stability of global shipping,” China’s biggest container liner said.

The Idemitsu Maru began sailing late on April 27 toward the strait from northwest of Abu Dhabi, where it had been sitting idle for more than a week.

Since the Iran war began at the end of February, only 11 ships laden with fertilizer have transited the Strait of Hormuz.

The UKMTO has raised the threat level off the coast of Somalia to "substantial," meaning that attacks on ships in the area are a "strong possibility."

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.