News

The latest industry news and PSA BDP Happenings from across the globe.

April 14, 2026

middle east conflict

A third Iran-linked tanker was entering the Gulf via the ​Strait of Hormuz on Tuesday on the first full day of ‌the U.S. blockade on vessels calling at Iranian ports, shipping data showed.

April 13, 2026

middle east conflict

A U.S. blockade of Iran's ports and a partial blockade of the Strait of Hormuz, a chokepoint for shipments of oil, fertilizer and other vital goods, began Monday at 10 a.m. EDT.

April 9, 2026

middle east conflict tariffs

The U.S. will apply a 50% tariff on goods from countries supplying military weapons to Iran, effective immediately, President Donald Trump said in a Truth Social post Wednesday.

April 7, 2026

middle east conflict

The war in the Middle East will lead to higher inflation and slower global growth, the head of the International Monetary Fund told Reuters on Monday, ahead of a fresh forecast for the world economy planned by the global lender for next week.

April 2, 2026

middle east conflict

The United Kingdom is planning to bring together 35 countries to look into ways to reopen the Strait of Hormuz, but will exclude the U.S. from the talks, as nations look to address the crisis without President Donald Trump at the table.

March 31, 2026

middle east conflict

Weekend attacks on Israel by Houthi rebels and the possible closure of the Bab al-Mandeb Strait could prevent Red Sea transits entirely.

March 30, 2026

middle east conflict

As President Trump’s war in Iran rages on, it’s posing a growing threat to the pharmaceutical supply chain and risks spiking the prices of many drugs, particularly those that depend on petrochemicals.

March 25, 2026

middle east conflict

As Iran's Gulf neighbors hunt for a negotiated solution to the ongoing Gulf conflict, hoping to find a deal that could appease both Tehran and Washington, one item is a likely sticking point.

March 23, 2026

middle east conflict

The International Maritime Organization (IMO) is behind efforts to create a framework for the establishment of a ‘safe corridor’ through the Strait of Hormuz to facilitate the evacuation of commercial ships and protect seafarers who have been stranded in the Persian Gulf since the beginning of the military conflict between Israel and the US and Iran.

March 19, 2026

middle east conflict

Cargo flow at the Port of Los Angeles remains consistent despite the ongoing military conflict between Iran and the U.S., Executive Director Gene Seroka said during a March 12 media briefing.