The cease-fire between Israel and Iran appeared to be holding on Tuesday, but shipping in the Persian Gulf remains at high risk, a U.K.-U.S. naval task force said.

The WSJ’s Benoît Faucon reports that the Joint Maritime Information Center told the shipping industry to remain on high alert. The task force recommended vessels keep security measures ready such as emergency plans to reroute, or to rely more heavily on radar-based navigation “given the prevalence of electronic interference.” At least half a dozen ships were diverted earlier this week on their way to the Strait of Hormuz, with two Chinese-owned oil tankers going off course after their navigation systems were jammed. Oil prices dropped, however, as the cease-fire overwhelmed fears of lingering threats to the 20-mile-wide strait, through which roughly a fifth of the world’s petroleum passes. The oil-price retreat accelerated after President Trump said China could buy Iranian oil, despite sanctions designed to impede that very trade.

Yemen’s Houthi rebels, whose attacks seized up shipping in the Red Sea before a truce with the U.S. in May, said they weren’t bound by the cease-fire deal. A spokesman for the group said military operations against Israel would continue until the war in Gaza ends.

• Mideast tensions raised fears of higher crude prices, but U.S. frackers are hesitant to increase output, citing the global economic slowdown, tariffs and abundant supplies for their reluctance. (WSJ)

Automating the backbreaking work of loading and unloading trucks has long been the holy grail for warehouse logistics operators. Now, the Journal’s Esther Fung writes, advances in artificial intelligence, sensors and image processing are enabling robots to handle heavy and oddly shaped packages in tasks similar to a 3-D game of Tetris, though limitations remain. Engineers at Ambi Robotics designed a videogame to train its robotic stacking system, AmbiStack. Logistics giant DHL now has seven Stretch robots made by Boston Dynamics in supply-chain facilities in three states, and in May signed a deal for 1,000 more. One of these unloads about 580 cases in an hour, nearly double the rate of a human. United Parcel Service is increasing automation at its facilities, and FedEx has been testing truck-loading processes with robotics company Dexterity since 2023. Amazon last year opened its most-automated warehouse yet, and Walmart also has introduced robots that can unload a truck.

• FedEx posted higher top and bottom lines in its fiscal fourth quarter, but expects earnings to come in below market expectations in the current quarter. It didn’t share guidance for the fiscal year amid tariff and inflation challenges. (WSJ)
• Amazon will take its Same-Day and Next-Day Delivery to over 4,000 smaller U.S. cities and rural communities and millions of online shoppers by the end of the year. (WSJ)
• Amazon plans to invest about $54 billion in the U.K. over the next three years, expanding its warehouse network and AI infrastructure to bulk up its e-commerce and cloud operations. (WSJ)

The Morning Midas car carrier sank in the Pacific Ocean about 400 miles off Alaska, weeks after a fire started on a deck that was carrying electric vehicles. The ship’s sinking leaves investigators with few clues on what caused the blaze, the WSJ's Costas Paris writes. The 600-foot-long ship was carrying about 3,000 vehicles, including about 800 EVs, and had been adrift since June 3, when a fire broke out and forced the crew to abandon the vessel.

• Peak monsoon conditions and a change in salvage teams are delaying work to remove fuel from the wreck of the MSC Elsa 3 containership, which sank 18 nautical miles off the coast of India. (The Maritime Executive)
• Seafaring is one of the world’s most dangerous jobs, with 25% of ocean workers reporting harm from their work in the past two years, according to a Lloyd’s Register Foundation report. (Splash 247)
• At least 1,010 workers on ships and on shore died over the past 25 years while working in enclosed spaces, according to research for the International Bulk Terminals Association. (TradeWinds)

U.S. consumer confidence slipped in June, reversing an improvement in May, according to the Conference Board. (WSJ)

The U.S. may not announce any trade deals with foreign countries until Republicans’ tax-and-spending legislation passes Congress, National Economic Council Director Kevin Hassett said. (WSJ)

Inflation in Canada steadied in May, with the consumer-price index rising a slightly hotter-than-anticipated 0.6% for the month to leave annual inflation unchanged at an as-expected 1.7%. (WSJ)

Business confidence in Germany improved this month as firms shrugged off much of the impact of tariffs on Europe’s economy. (WSJ)

Federal investigators said Boeing’s flawed manufacturing processes and inadequate regulatory oversight were among the factors leading to a door plug flying off a 737 MAX plane last year. (WSJ)

Volvo agreed to sell its 70% stake in China’s Shandong Lingong Construction Machinery to minority shareholder Lingong Group for about $833 million. (WSJ)

Spanish utility Iberdrola named Pedro Azagra, a company veteran who most recently led its U.S. business, Avangrid, as the group’s new CEO. (WSJ)

Qantas rival Virgin Australia soared on its return to the stock exchange following a five-year absence. (WSJ)

Rio Tinto and billionaire Gina Rinehart’s mining business, Hancock Prospecting, will invest $1.6 billion to develop two large iron-ore deposits in Western Australia’s Pilbara region. (WSJ)

Stellantis is building a $388 million hub in the Detroit area for its Mopar parts distribution network, set to be operational by 2027. (Supply Chain Dive)

Marquette Transportation owner Redwood Holdings acquired New Orleans’s Canal Barge, a privately held marine-transportation firm that posted more than $500 million in revenue last year. (New Orleans CityBusiness)

U.S. logistics company Crowley said in a news release it was expanding its ocean shipping services with its first route between the Port of Philadelphia’s Gloucester Marine Terminal and Central America.

Two new ship-to-shore container cranes made by Germany’s Liebherr Crane arrived at Blount Island Marine Terminal in Jacksonville, Fla., and are expected to be operational by year’s end. (American Journal of Transportation)

Germany’s largest port operator, Hamburger Hafen und Logistik, or HHLA, said CEO Angela Titzrath will step down by the end of this year, and a search for a successor has begun. (Splash 247)

The Material Handling Equipment Distributors Association said Jeannette Walker will step down as CEO of the logistics industry group after two years in the role. (DC Velocity)

The Federal Railroad Administration urged railroads to step up conductor training and testing in a safety bulletin related to a June 9 accident that killed a Union Pacific conductor in Texas. (Trains.com)

The trucking industry broadly supports putting drivers out of service if they can’t demonstrate English proficiency, but questions about enforcing the rule that takes effect Wednesday remain. (Transport Topics)

Louis Sola is leaving his role as chairman of the U.S. Federal Maritime Commission five months after being appointed to head the agency overseeing ocean trade through American ports. (Journal of Commerce)

Mark R. Long is editor of WSJ Logistics Report. Reach him at mark.long@wsj.com. Follow the WSJ Logistics Report team on LinkedIn: Mark R. Long, Liz Young and Paul Berger.