Businesses spending $4 million to cross the Panama Canal as ‘it’s safer’ than the Strait of Hormuz
Businesses have doled out as much as $4 million for last-minute plans to move boats through the Panama Canal in recent weeks, the Panama Canal Authority says, as Iran war’s effective closure of the Strait of Hormuz generates a seismic shift in global trade flows. While passage through the canal usually comes at a flat rate via reservations, companies…
