Companies are paying millions to cross Panama Canal during Strait of Hormuz chokehold

Companies are paying millions to cross Panama Canal during Strait of Hormuz chokehold

PBS News April 25, 2026

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.

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