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

“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.

Although diesel prices in the U.S. have come down slightly in the latter half of April, there are still subtle pressures on the trucking freight market lurking under the surface.

G.M. said it made $2.6 billion in the first quarter of 2026, a 6% decline from the same period a year ago.

The UAE has criticized fellow Arab states for not doing enough to protect it from numerous Iranian attacks during the Middle East conflict.

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

A senior executive with South Korean PCB maker Daeduck Electronics said that the company has already started having conversations with customers regarding price increases.

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

The West Coast is characterized as a “fuel island” because it’s not connected by pipelines to the rest of the country.