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The challenges risk affecting a wider swath of the industry as the Trump administration weighs how to create a more formal approach for chip export control.

Analysts say resumption of prewar levels by July “might introduce $15- to $20-a-barrel upside risk to prices.” 

Crude shipments for April are already inching toward about 4.9 million barrels a day based on current loadings, up from 3.97 million barrels a day in March.

Brent crude oil, the international standard, fell 0.5% to $95.47 on April 10.

The proposed 4.8% price hike will be reviewed by the Postal Regulatory Commission, an oversight body, and if approved, will go into effect July 12.

Every twist in the Iran war shows up almost instantly in a $65 million exchange-traded fund that most investors have never heard of.

Just seven ships, all with a prior link to Iran, were observed making the voyage out of the Persian Gulf. Normal transits in both directions are more like 135 a day.

Benchmark U.S. crude was 6.8% higher on April 9 at $100.79 a barrel. Brent crude, the international standard, rose 3.7% to $98.24 per barrel.

Shipowners are placing “huge volume requests” for insurance cover as they look to transit the Strait of Hormuz following the U.S.-Iran ceasefire deal.

Surging prices for plastic caused by disruptions from the Iran war have pushed one U.S. toymaker to buy up more inventory than needed.