CMA CGM to Buy FedEx Supply Chain for $1.4 Billion, Expanding North American Logistics Business

Iran reports a foreign container ship ran aground in the Strait of Hormuz while using an 'unauthorized' transit route, as the Islamic Republic continues to enforce control over shipping through the waterway, demanding fees and imposing designated routes. Despite a provisional US-Iran peace deal, Iran signals it will maintain oversight of Strait of Hormuz traffic, posing ongoing disruption risks to vessels transiting the Persian Gulf.