Businesses Pay Millions to Use Panama Canal Amid Strait of Hormuz Chaos

Businesses are reportedly paying up to $4 million to reroute vessels through the Panama Canal, seeking to avoid disruptions and chaos in the Strait of Hormuz that have significantly impacted global trade flows.

24 Apr, 05:05 — 24 Apr, 05:05

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The IndependentMostly Factual51d ago

Businesses dole out up to $4 million to cross Panama Canal during Strait of Hormuz chokehold

Businesses have doled out up to $4 million to cross boats through the Panama Canal to dodge ongoing chaos in the Strait of Hormuz, which has created a seismic shift in global trade flows

By Alma Sols and Megan Janetsky

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Businesses Pay Millions to Use Panama Canal Amid Strait of Hormuz Chaos

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Businesses dole out up to $4 million to cross Panama Canal during Strait of Hormuz chokehold

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