Trump Sparks Crisis in the World’s Other Vital Strait

https://thedailybeast-thedailybeast-prod.web.arc-cdn.net/resizer/v2/5JO225QYA5HIDJ7AYY337757DE.jpg?auth=f87df65072e75310447ad88ae0210652e6f75dad16b8a966a148c269dd970b6c&smart=true&width=3292&height=1852" />

President Donald Trump’s bungled war in Iran has sent prices in the Panama Canal soaring.

The fuel squeeze caused by “Operation Epic Fury,” now in its eighth week, means that the price for companies to use the busiest shipping lanes in the strait in Panama now averages $837,500, according to data compiled by Argus Media.

The Asian market has been most affected by issues with the other vital waterway, the Strait of Hormuz, which Iranian officials confirmed on Wednesday remains closed.

https://www.thedailybeast.com/trump-sparks-crisis-in-the-worlds-other-vital-strait-the-panama-canal/">Read more at The Daily Beast.