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 global supply chain has entered a new era—one defined by constant disruption. From shifting tariffs and geopolitical conflict to regulatory swings, cyber risks, and climate-related shocks, volatility is no longer the exception, it’s the rule. Legacy systems and disconnected tools can’t keep up, leaving you vulnerable to costly mistakes, delayed responses, and missed opportunities.

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.

Both Germany and France objected, saying that allowing Russia to sell its oil to countries that previously imposed sanctions would increase the money available for Russia’s war in Ukraine.

The lawsuit cited a Goldman Sachs report that found that consumers had shouldered more than two-thirds of President Donald Trump's tariff costs over the last year.

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.

The commission’s comments come hours after the U.S. launched a probe into major trading partners, including the EU and China.

Eric Baker, partner in FBT Gibbons’s Private Equity & Venture Practice, discusses whether reshoring and nearshoring efforts are in limbo due to current geopolitical strife.

With tanker traffic through the strait dropping by 90%, it's not hard to draw a straight line between the ongoing conflict and widespread supply chain disruptions.