Diversification of energy sources is happening, but too slowly, and clearing away roadblocks to diversification can help protect against the harms of climate change and economic disruptions.

Iran said it has closed the Strait of Hormuz for shipping transit due to what it called Israel’s violation of a ceasefire, even as Pakistan said US-Iran talks were set to open in Switzerland on Sunday.

President Donald Trump said he doesn’t view Anthropic PBC as a national-security threat, days after his administration took steps to cut off foreign access to the tech company’s most advanced artificial intelligence models.

Iran sought to assert control over the Strait of Hormuz by saying that ships need its permission and mandatory insurance in order to cross, even as the US said that 20 ships had quietly sailed through overnight via a route along Oman’s coast.

The Trump administration’s push to rein in Anthropic PBC, outlined in a recent Commerce Department order, relies on an unprecedented use of export control laws and raises legal questions about whether the US can dictate who can access artificial intelligence systems.

The ceasefire is only a pause in the conflict between the US and Iran and the freight industry will need to brace for further global turmoil as prices may not drop quickly amid a mad dash to build inventories of both goods and oil.