If hostilities persist for another 10 days, buyback options may no longer be available.

The ruling provides long-awaited clarity for businesses, given that the Supreme Court did not address the issue of refunds when it overturned the levies.

The two leaders also agreed to expand cooperation in new areas of growth, such as shipbuilding, nuclear power, supply chain and artificial intelligence.

Do not ignore the potential for your business to leverage upside as a consequence of an otherwise difficult geopolitical event, warns Gartner's David Gonzalez.

Trump said the U.S. International Development Finance Corporation would offer insurance to help ensure the flow of commercial trade in the Gulf.

Economists caution that the broader risk lies less in surging oil prices, and more in how that interacts with other mounting geopolitical pressures.

Some carriers are canceling bookings temporarily, skipping some port calls, warning of delays and implementing surcharges.

Update from the Guardian: Strait of Hormuz closed, Iran's Revolutionary Guards says.

Hapag-Lloyd on March 1 announced a “war risk surcharge” of $1,500 per 20-foot container, effective March 2. France’s CMA CGM SA will charge $2,000.

Panamanian officials are hoping to reassure carriers and shippers that operations will remain stable while a longer-term concession process unfolds.