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.

Nuclear propulsion could save up to $68 million in annual operating costs per container vessel, according to the report.

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.

The two ships were allowed passage through the strait — which has been all but closed for nearly two weeks — after a deal between New Delhi and Tehran.

The EIS Pilot has been successfully implemented in the Ready-Made Garment sector in Bangladesh where it covers around four million workers and continues expanding to other sectors.  

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

The 30-day exemption, which is still being developed, is set to apply broadly to vessels moving oil, gasoline, diesel, liquefied natural gas and fertilizer among U.S. ports.

Since the U.S.-Israel war with Iran began, transportation through the vital Strait of Hormuz route has come to a standstill, briefly driving oil prices up close to $120 a barrel.