April was the shipping hub's strongest month so far this year, with the port recording its highest cargo volumes since August.

The 10% tariff had initially been put into place by President Donald Trump in response to the U.S. Supreme Court's decision to strike down a separate set of levies.

Roughly half of aluminum smelting capacity in the Persian Gulf region is currently offline, representing as much as 5% of the global supply.

 A vital artery for oil and gas flows, the Strait of Hormuz has been effectively shut since late February, with no clear path back to normal traffic.

Soaring fuel costs, normally the industry’s second-biggest cost after crew, have forced airlines to scrap tens of thousands of flights.

India is the first market where Novo Nordisk faces generic competition for semaglutide — the active ingredient in Ozempic and Wegovy.

Although Whirlpool produces about 80% of its major appliances at American factories, the company is still being hurt by international trade turmoil.

The Secretary General of the International Chamber of Commerce warned that the fertilizer shortage could cause deadly food scarcity and price hikes.

The route, which runs through Kazakhstan and Turkmenistan can only go a small way toward making up for the U.S. blockade.

The shipping industry could continue to face elevated fuel costs, as well as concerns around their ability to travel safely into and out of the Persian Gulf.