•Port of Los Angeles Executive Director Gene Seroka stated that shipping firms are taking a 'wait and see' approach to US efforts to reopen the Strait of Hormuz.
•Security risks and rising insurance and freight costs are deterring maritime traffic in the region.
•Seroka warned that the real supply impact is still ahead as fuel and diesel costs continue to pressure supply chains.
•Southeastern Asset Management is calling for a sale of Mattel, arguing it would be better off owned by a private equity firm, competitor, or large media company.
