Businesses dole out up to $4 million to cross Panama Canal during Strait of Hormuz chokehold

PANAMA CITY (AP) — Businesses have doled out up as much as $4 million to move boats through the Panama Canal with the Strait of Hormuz effectively closed, according to the Panama Canal Authority, in a move that has created a seismic shift in global trade flows. While passage through the waterway us...

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