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.
Cuba's energy minister said in mid May that the country had run out of oil and diesel, and warned that the island's energy system had reached a "critical state."
The Supreme Court’s invalidation of tariffs imposed by the Trump administration set up importers for a windfall of refunds. But a new wave of tariffs could serve to quash any hopes of long-term relief.
A lot of the conversation about supply chain optimization occurs within retailer organizations. But how does that actually impact the customer experience?