Concerns are growing that the de-facto tolling of the Strait of Hormuz could trigger a domino effect for key shipping bottlenecks worldwide, creating more global inflation and effectively killing key components of international maritime law. As Iran insists on some form of fee structure for traversing the now-infamous strait—and the U.S. increasingly seems unable to
President Donald Trump is doubling down on wielding economic pressure to squeeze Iran as his military options dwindle, and Tehran’s business community warned the naval blockade will cause far-reaching harm. In an interview with Iran’s Khabar Online outlet, the head of the Iran-China Joint Chamber of Commerce said “the consequences of the blockade far outweigh
Iran says it has reached an agreement with Oman on a route for shipping through the Strait of Hormuz. Foreign ministry spokesman Esmaeil Baqaei did not give any further details on the agreement, which he said was “in the final stages”. Baqaei warned however that a deal with Oman would not guarantee safe navigation through
Pablo Palafox likes to say his company is “getting started” even as its valuation just crossed ten figures. HappyRobot, the startup that builds AI agents to run the phone calls, emails, and scheduling that keep supply chains moving, just raised a $150 million Series C at a $1.2 billion valuation, Fortune learned exclusively. Prysm Capital
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