CBL International Limited Ordinary Shares

CBL International reported a first-half net loss of $992,000. Revenue rose 49.2% year-over-year to $395.59 million, while sales volume increased 10.9%. Gross profit climbed 140.5% to $6.53 million, lifting gross margin to 1.65% from 1.02%. Net income for the period was approximately $1.50 million.

President Trump declared the U.S. would act as the 'Guardian of the Hormuz Strait' and charge a 20% fee on all transiting cargo to cover security costs, prompting the International Maritime Organization to state there is no legal basis for mandatory tolls to transit a strait. The announcement follows escalating clashes in which Iran has targeted commercial vessels and vowed to impose its own fees for passage, while the U.S. has conducted airstrikes against Iranian installations. The IMO, the U.N. body overseeing global shipping safety, clarified that freedom of navigation is guaranteed under customary international law, which the U.S. has historically recognized. The proposed fee marks a shift toward transactional foreign policy, raising concerns that allies may seek alternative security arrangements and that other powers could assert similar claims in contested waterways.