The Houthi blockade will reportedly target the Bab el-Mandeb strait, which serves as the route for roughly 5% of global gas and oil supplies.

No doubt you’re aware of the urgent push by global manufacturers to diversify their supplier base. Now comes the opposite problem: “supplier sprawl.”

By shifting to these countries for sourcing, manufacturers can spread production across a wider range of markets and reduce their exposure to geopolitical and trade risks.

The new shipyard will be dubbed Port Alpha, and will reportedly be capable of manufacturing ships up to 1,200 feet long.

The investment will go toward four new chip fabrication factories in Arizona, and will likely be included in a 900-acre campus the company purchased earlier in 2026.

Trump first granted the relief for some 659 products in March, then extended it a month later, in the face of pressure from oil and chemical industry officials.

Of particular concern is diesel, which Oxford Economics described as the fuel most exposed to the supply strains because of its central role in freight transportation.

June was the port's third strongest month on record, and the third time it has ever crossed the 1 million TEU threshold.

Any assets sanctioned companies hold under U.S. jurisdiction are now frozen, while U.S. businesses are prohibited from doing business with them. 

The IMO’s secretary general told Bloomberg Radio that ships should continue to avoid navigating Hormuz because of the current level of navigational risk.