Businesses pay millions to cross Panama Canal amid Strait of Hormuz chaos
Fast facts
- Category: United Kingdom
- Language: EN
- Published: 2026-04-24 01:05 UTC
- Sources: The Independent
The ongoing crisis in the Strait of Hormuz has led businesses to pay up to $4 million to cross boats through the Panama Canal. This shift in global trade flows is causing significant economic disruption.
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