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

In 2026, Purolator commissioned HelloInfo to survey 348 shipping and logistics decision-makers in Canada and the United States across industrial, retail, healthcare and technology supply chains. The goal: to understand how Canadian and American businesses are navigating an increasingly uncertain trade environment. 

Trump cited "highly productive conversations with Middle East leadership," following his initial fee proposal the prior day.

The deficit represents a sharp reversal from the $27 billion surplus in June 2025 that the administration touted as evidence of tariff success.

In the period between the two cordons, Tehran was able to ship at least 2.2 million barrels a day, a very high level by recent standards.

The Industrial Accelerator Act bites hardest in sectors where Europe feels most strategically vulnerable: EV batteries, grid equipment, industrial automation, low-carbon steel and semiconductor packaging.

Trump said that the he would be reinstating a blockade of the strait, and declared that the U.S. should be reimbursed for "providing safety and security" to the waterway.

The expansion will include upgrades to existing fabrication facilities at the Leixlip campus, and the installation of new "leading-edge" manufacturing equipment.

The deal ends a tense standoff between the two trading partners.

U.S. electrical manufacturers are looking to get around heavy tariffs and geopolitical strife by taking action to promote domestic production.