The Trump administration on Wednesday placed additional sanctions on Iran as part of a sprawling economic pressure campaign during the war, this time targeting the country’s newly created agency that is trying to control shipping through the Strait of Hormuz. The sanctions were announced late Wednesday after U.S. forces carried out strikes on an Iran … Read more
Seven Chinese executives and four of the largest shipping container manufacturers were criminally charged in an antitrust case alleging they engaged in illegal price fixing during the pandemic six years ago, federal prosecutors announced on Tuesday. The indictment, which was first reported by CBS News, marks the latest in a series of investigations by the … Read more
U.S. probing whether Chinese companies cut shipping container production before COVID-19 pandemic – CBS News Watch CBS News Investigators are looking into Chinese firms that allegedly slowed shipping container production in 2019, just before the COVID-19 pandemic erupted. CBS News’ Jake Rosen has more. Source link
Federal authorities are examining whether Chinese companies deliberately restricted the world’s production of storage containers for the shipping trade just before the COVID-19 pandemic began six years ago, sources with knowledge of the probe told CBS News. Investigators have been looking at a handful of Chinese firms that together control the majority of unrefrigerated shipping … Read more
Prosecutors have brought criminal charges against the operator of the containership that crashed into the Francis Scott Key Bridge in 2024, resulting in the death of six construction workers. Source link
A man who was found dead Monday by the railroad tracks southwest of San Antonio, Texas, is believed to be connected to the six people who likely died of heat stroke inside a shipping container near the Mexico border, according to authorities. The body of the seventh person was located nearly 150 miles north of … Read more
NEW YORK — With hundreds of vessels still stuck in the Persian Gulf and costs piling up, shipping companies are being whipsawed by uncertainty over how and when the Strait of Hormuz might reopen more than two months into the Iran war. On Sunday, President Donald Trump announced “Project Freedom,” a way for the U.S. … Read more
DUBAI, United Arab Emirates — The United States is warning shipping companies that they could face sanctions for making payments to Iran to safely pass through the Strait of Hormuz. The alert posted Friday by the U.S. Office of Foreign Assets Control adds another layer of pressure in the standoff between the U.S. and Iran … Read more
4m ago Senior Iran politician renews threat to Bab el-Mandeb strait Alaaeddin Boroujerdi, Deputy Head of the National Security Committee, warned Tuesday that Iran could retaliate in kind for the U.S. military blockade of its ports, which has seen interdictions and the seizure of some vessels. He claimed its forces could “easily respond to … Read more
Progress has been made towards a peace deal with some issues “concluded,” Iranian Parliamentary Speaker Mohammad-Bagher Ghalibaf said, but he warned Iran still has a “complete distrust” of the U.S. negotiators. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Speaking on state TV on Saturday night, Ghalibaf, who … Read more