New Rules for Strait of Hormuz, US-Iran Tensions Escalate
Iran plans to implement an access permit and toll system for vessels passing through the Strait of Hormuz, which has intensified US-Iran tensions and affected the global shipping and energy pattern.
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Value-Added Tax (VAT) export rebate for some goods to be canceled from April 1, 2026.
China will cancel the value-added tax (VAT) export rebate for photovoltaic and other products from April 1, 2026.
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Global Energy Lifeline at Stake: U.S.-Iran Showdown Over the Strait of Hormuz
In late March 2026, a U.S.-Iran showdown over the Strait of Hormuz escalated to military ultimatums, threatening global energy security and supply chains。
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Attack on Ras Laffan Industrial City in Qatar
Ras Laffan Industrial City in Qatar, the world’s largest LNG hub, was hit by successive missile attacks, causing facility damage, production disruption, and triggering volatility in international energy markets and regional tension escalation.
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Drone Attack Strikes Fujairah Port, UAE
Oil facilities at Fujairah Port in the UAE were hit by another drone attack causing a fire, the second strike in days, suspending oil loading and raising risks for regional shipping and energy supply chains.
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Sharp Deterioration of Maritime Security in the Strait of Hormuz
Four merchant ships were attacked in the Strait of Hormuz within 24 hours, with escalating regional conflicts, sharply deteriorating maritime security, and severe impacts on global energy and supply chains.
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Major Shipping Lines Suspend Middle East Routes Emergently
Following attacks on merchant ships in the Strait of Hormuz, major global shipping lines have urgently suspended Middle East routes, disrupting regional trade and severely impacting international shipping, energy markets and supply chains.
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Escalation of the US-Israel-Iran Conflict: Global Logistics System Faces Severe Impact
The escalation of the US - Israel - Iran conflict has paralyzed logistics hubs in the Middle East, disrupted global maritime and air transport channels, trapped 3,200 ships, closed airspace in multiple countries, and severely impacted the global logistics system.
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Escalation of Shipping Crisis in the Middle East: Dual Impacts of Hormuz and Red Sea
The Middle East shipping crisis has escalated due to disrupted access to the Strait of Hormuz and the resumption of attacks in the Red Sea, exerting dual impacts on global energy transportation, container trade and supply chains.
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US Abruptly Launches Investigation into Revoking China’s Permanent Normal Trade Relations Status
On February 26, 2026, the USITC launched an investigation to assess the economic impact of revoking China’s Permanent Normal Trade Relations (PNTR) status.
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The United States officially terminates fentanyl and equivalent tariffs under the IEEPA framework
On February 24, 2026, U.S. Customs officially terminated all additional tariffs under the IEEPA framework, while introducing global temporary tariffs as a replacement.
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Safety Leads the Year of the Horse | Sailing to New Horizons: 2026 Greetings from Milkyway Shipping
Wishes global partners a prosperous Year of the Horse.
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