The U.S. military said on Monday it destroyed six Iranian small boats and intercepted Iranian cruise missiles and drones as Tehran sought to thwart a new U.S. naval effort to open shipping through the Strait of Hormuz.U.S. President Donald Trump launched the operation, called Project Freedom, on Monday as he sought to wrest control of the critical waterway from Iran
Brent crude futures retreated on Tuesday but held near $114 a barrel following fresh hostilities in the Middle East, while investors monitored developments in the U.S.-Israeli conflict with Iran.The U.S. and Iran launched new attacks in the Gulf on Monday as they wrestled for control over the Strait of Hormuz with duelling maritime blockades, shaking a fragile truce.
The American Association of Port Authorities (AAPA) Board of Directors announced the appointment of Sang Yi as President and Chief Executive Officer (CEO), effective May 4.Most recently, Yi served as Deputy Administrator of the U.S. Department of Transportation’s Maritime Administration (MARAD), where he oversaw key programs supporting the nation’s commercial and strategic maritime infrastructure.