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Businesses dole out up to $4 million to cross Panama Canal during Strait of Hormuz chokehold
With the Strait of Hormuz facing closure, businesses are paying up to $4 million to cross the Panama Canal. This dramatic increase from a few hundred thousand is due to geopolitical tensions and the search for safer trade routes. As compani...
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With the Strait of Hormuz facing closure, businesses are paying up to $4 million to cross the Panama Canal. This dramatic increase from a few hundred thousand is due to geopolitical tensions and the search for safer trade routes. As companies navigate these challenges, global supply chains and oil prices are significantly impacted. #PanamaCanal #GlobalTrade #StraitOfHormuz #SupplyChain #MaritimeSecurity
Originally reported by AP News.
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