Tag: freight costs

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US-Iran Military Escalation Threatens Strait of Hormuz Shipping, Raises Fresh Concerns Over Global Trade

Renewed military tensions between the United States and Iran have reignited concerns over the safety of commercial shipping in the Strait of Hormuz, one of the world's busiest energy trade routes. Fresh exchanges of strikes between the two countries have raised fears that the fragile recovery in maritime traffic could be disrupted once again.