A rare stable moment in the U.S. tariff regime is likely boosting demand as trans-Pacific container rates strengthen.

The U.S. government will collect $5 million from a Taiwanese company and its U.S. subsidiary for an alleged scheme to evade duties. A multi-agency task force has collected over $1 billion for trade fraud in one year.

Iran is tightly managing vessel traffic through the Strait of Hormuz, but says a deal with Oman to re-open the crude oil chokepoint could be near.