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.

The practice first emerged in the U.S. as technology companies rushed to secure generation capacity for energy-hungry data centers, and has since spread to Europe and the Middle East.

Canadian Prime Minister Mark Carney had said the bridge would open this week, but appeared to back away from that on June 10.

Three foreign-flagged vessels carrying Indian crew have recently been attacked by the U.S. Navy.

The effective closure of the Strait of Hormuz in early March has driven Asian buyers to look for alternative sources to replace disrupted Persian Gulf barrels.

The Trump administration is pushing to bring about political and economic reforms to the island via a combination of sanctions, cutting off its access to energy supplies.

The bridge, named after the late Canadian hockey player who starred for the Detroit Red Wings, was built to reduce shipping congestion in a region that lives on trade.

The outbreak adds more worries for a U.S. beef industry already struggling with supply tightness as the domestic herd has dwindled to a 75-year low.

The tankers boom, and the potential for it to seed the next downturn, was a constant talking point at the industry’s biennial Posidonia gathering in Athens, June 1-5.

While the Houthis’ statement doesn’t amount to a ban on commercial shipping in the Red Sea, maritime intelligence agency Vanguard Tech advised caution.