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.

The pipeline would run more than 2,000 miles from Hardisty, Alberta, to Sarnia, Ontario, while carrying as many as 500,000 barrels of oil daily.

The U.S. had issued what was supposed to be a 60-day authorization in late June, as part of a tenuous peace agreement with Iran to reopen the Strait of Hormuz.

The report suggests that Chinese companies are looking to spread risk across more suppliers and markets, while using technology to help manage that added complexity.

Industry groups have cautioned that even though a ceasefire between the U.S. and Iran remains in place, the presence of mines is a major risk for ships.

The two countries have a vital interest in maintaining security in the straits, including from accidents and piracy, Indonesian President Prabowo Subianto said.

U.S. Customs detained 42,000 shipments worth nearly $4 billion under the Uyghur Forced Labor Prevention Act between June 2022 and February 2026.