Iran’s declaration on June 20 will likely make more risk-averse shipowners with vessels that have been trapped inside Hormuz for months more wary of exiting.

Iran's chief negotiator Mohammad Bagher Ghalibaf said that the strait still needs to be managed, despite progress made on negotiations with the U.S.

The bureau will conduct a "broad examination" of Canada's food supply chain, including harvesting, production, processing, logistics and transportation.

Lloyd's List maritime data found that ships that have been trapped in the strait since February have already started exiting the waterway.

Redesign the operating model, not just the network, the annual report's authors concluded.

There are over 40 vessels laden with fertilizer in the strait, according to tanker-tracking data compiled by Bloomberg and Kpler.

The levies were imposed in 2018 under Section 301 of the 1974 Trade Act, which allows the U.S. to enact tariffs in response to unfair trade practices.

Even if traffic fully returns to the strait when (or if) the deal becomes official, the months-long global oil supply crisis won't simply resolve itself overnight.

Fire officials say that they're currently coordinating with Medline to allow the company to access supplies at the warehouse that weren't damaged in the fire.

Chevron Corp. Chief Executive Officer Mike Wirth said there are indications that flows through the strait are probably not as high as the energy secretary said.