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While rates are high, they signal that coverage is available for the few vessels still moving through the waterway. The question is whether shipowners are willing to make the transit.

The report — “Terrain, Technology, and Telematics: The Messy Middle Operations Report” — emerged from analysis of the results of NACFE’s latest Run on Less program in September.

After years of being antagonized by President Trump, U.S. allies in Europe and Asia are in no hurry to heed his demand that they send ships into a war he started and has claimed to have won.

Companies such as Vanair, DragonFly Energy, Tectran, Mitchell 1 and IMI presented their efforts to enhance trucking operations and improve fleet maintenance.

Fears of a global energy crisis rose March 16 as the war in the Middle East raged on, with more U.S.-Israeli strikes on the Iranian capital and Israel's bombardment of Lebanon.

By increasing drain intervals by up to 25,000 miles, fleet operators can realize improved vehicle uptime and lower total cost of ownership, Valvoline said at a March 15 press conference.

President Donald Trump on March 14 called on other countries to send warships to keep the strait open, saying he hopes China, France, Japan, South Korea and the U.K. would take part.

Brent crude traded near $100 a barrel following one of the most volatile weeks ever for the oil market, with investors bracing for more upheaval as Iran pledged to keep the Strait of Hormuz shut.

If higher energy costs persist, routing cargo through Panama can cut voyages by between three and 15 days, depending on the route, while reducing fuel consumption, Ricaurte Vásquez said.

It’s unclear how much extra oil the step will free up in practice, and it represents a fraction of what has been lost because of the Hormuz turmoil this month.