Over the weekend, Iran said the Hormuz strait would now be closed “until further notice.” U.S. Central Command disputed that, saying that waterway was still open to all vessels.

The global shift away from fossil fuel cars and toward electric vehicles, which has threatened many established carmakers.

The expansion in supply chain activity seen in June was attributed to raised inventory levels among downstream retailers and larger firms.

U.S. goods and services imports increased by 3.3% month-to-month, with the country bringing in more pharmaceuticals, smartphones, cars and equipment for data centers.

The commission is especially worried about the dependencies European operators continue to have on Chinese suppliers, particularly in the field of chips and rare earth minerals.

Stockpiles of diesel and other fuels have dwindled to the lowest seasonal levels in years, which may test the U.S.’s capacity to continue being supplier of last resort.

The U.S. Army recently struck deals with several companies to build processing plants for critical minerals on military bases around the country.

The warning signs are already clear enough that businesses should begin evaluating where their supply chains remain most exposed to climate risks.

Shipowners are increasingly having to weigh not only whether to cross, but which route to choose, for fear of angering one side or the other.

The spate of incidents is a reminder of the continued risks to ships crossing through Hormuz, even with military forces protecting vessels crossing by a route near Oman’s coastline.