Strait of Hormuz blockade drives up costs at Panama Canal
One vessel paid US$4 million (S$5 million) to skip the line and avoid waiting up to five days.
One vessel paid US$4 million (S$5 million) to skip the line and avoid waiting up to five days.
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One vessel paid US$4 million (S$5 million) to skip the line and avoid waiting up to five days.
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How the Strait of Hormuz became a system of control, shaping power and the global economy.
Countries are exploring building, expanding, or rehabilitating infrastructure to bypass the strait.
Nearly 20,000 people on some 2,000 vessels are currently trapped in the Persian Gulf, the International Maritime Organization says.
Iran renews attacks in the Strait of Hormuz after Trump says he's extending a ceasefire indefinitely, as thousands more U.S. forces head for the region. Grouped from 44 articles across 11 sources.
The IMO is in touch with littoral states, including Iran and Oman.
Of the two other ships, one is flagged to Gambia and the other has no identifiable flag or owner.