Strait of Hormuz Strikes Threaten Shipping’s Fragile Comeback
Renewed strikes in the Strait of Hormuz hit oil tankers just as shipping traffic had recovered to highs not seen since the US-Iran war. Explore the impact on global trade and markets.
Global Trade
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Oil Markets Rocked as Strait of Hormuz Shuts After Attack
A cargo ship attack near Oman halts Strait of Hormuz traffic. Oil prices surge as global energy supply faces disruption. Experts warn of economic ripple effects for consumers worldwide.
The Toll Booth at the Throat of World Trade
Drought and higher tolls at the Panama Canal are jacking up shipping costs, hitting consumers with higher prices on everything from coffee to avocados. Here’s how the bottleneck works.