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Panama Canal sees traffic boost over Iran war | Collector
Panama Canal sees traffic boost over Iran war
Inquirer

Panama Canal sees traffic boost over Iran war

PANAMA CITY — The war in the Middle East has prompted a surge in ships utilizing the Panama Canal, an executive for the interoceanic waterway said Monday. The month-long conflict that began on February 28 has seen Iran effectively blockade the Strait of Hormuz, through which a fifth of world oil and gas exports normally transit. “We had expected around 34 daily passages” for this year, but in the last two weeks “we’ve been having 38, 39, 40,” the deputy administrator of the canal, Ilya Espino de Marotta, told the channel Telemetro in an interview. READ: Iran war, rising fuel […]... Keep on reading: Panama Canal sees traffic boost over Iran war

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