Shippers say Strait of Hormuz fee would open "dangerous Pandora's Box"
Industry insiders say "there is no legal basis" for Trump to impose a 20% fee on cargo transiting the Strait of Hormuz, something he now says he's decided not to do.
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Industry insiders say "there is no legal basis" for Trump to impose a 20% fee on cargo transiting the Strait of Hormuz, something he now says he's decided not to do.
President Trump says there's a "safe, secure and pristine" route through the Strait of Hormuz, but major shipping companies aren't convinced.
China rolls out over 1,000 cargo ships a year, while the U.S. – maybe three. The Trump administration has called this a crisis with both economic and national security risks.
As President Trump again voiced optimism that Iran will "make a deal" to end the war, Tehran declared itself the regulator of Strait of Hormuz shipping.
Trump threatens Iran with "higher level" strikes if it won't accept a peace deal, but says it's too soon for direct talks after reporting diplomatic progress.
Hegseth said the ceasefire with Iran "certainly holds" for now after a naval clash between Iranian and U.S. forces and renewed attacks on the UAE.
Iran launched attacks on the UAE and tankers in the Strait of Hormuz while the U.S. destroyed Iranian boats "that attempted to interfere" with Project Freedom.
Iran renews attacks in the Strait of Hormuz after Trump says he's extending a ceasefire indefinitely, as thousands more U.S. forces head for the region.
Iran's Fars News Agency says a supertanker sailed through international waters and the Strait of Hormuz with its tracking system switched on, "without any concealment."
The Trump administration has called the floundering American shipbuilding industry an economic and national security crisis. Getting help from overseas may be one way to save the domestic industry.
China rolls out over 1,000 cargo ships a year, while the U.S. – maybe three. The Trump administration has called this a crisis with both economic and national security risks.
First, a report on the only active rare earth mine in the U.S. Then, collapse of U.S. shipbuilding poses national and economic security risks. And, a dog study may help pets and humans age well.
Putin claims no "willingness from Ukraine" to negotiate a peace deal as he touts battlefield gains, and Kyiv claims a brazen strike on a ship far from Russia.
Iran's Revolutionary Guard forces have reportedly seized an oil tanker in the Strait of Hormuz in the first such interdiction in months.
A new video shows the moment dozens of shipping containers plunged into the water Tuesday at Southern California's Port of Long Beach. CBS News correspondent Adam Yamaguchi reports.
Yemen's Houthi rebels killed 3 mariners with an attack on a ship in the Red Sea, a European naval force says, fueling concern over a possible new wave of attacks by the Iran-backed group.
The Morning Midas sank in the North Pacific Ocean, weeks after crew members abandoned ship when they couldn't extinguish an onboard fire.
A sailor was on watch at the time and said he had fallen asleep, according to Norwegian police, who have charged him with "negligent navigation."
The 443-foot NCL Salten sailed up onto shore next to Johan Helberg's wooden cabin around dawn on Thursday.
A massive cargo ship ran aground in Norway, just 15 feet from a man's bedroom at his seaside cottage. The ship, registered in Cyprus, had 16 crew members on board. Nobody was hurt, and the ship's watchman admitted he fell asleep.
A massive cargo ship sailed up onto shore just meters from Johan Helberg's house. He slept through the whole commotoion.
A man in Norway woke up Thursday to find a 440-foot container ship dangerously close to his front doorstep. There were no injuries, and the cause remains unknown.
A pro-Palestinian protest group that's tried for years to breach Israel's Gaza blockade with ships carrying aid says one of its vessels was attacked by drones off Malta.
President Trump hints at more tariffs ahead as concerns grow over possible recession; U.S. tanker collides with a cargo ship off of U.K. coast.
Vladimir Motin, who was the master of the Portugal-flagged cargo vessel Solong, was charged with manslaughter.