Posted inBusiness Insights
Proposed Strait of Hormuz Transit Fee Threatens to Double Global Shipping Costs
A proposed US transit fee on the Strait of Hormuz could double ocean freight rates and trigger a massive wave of global inflation.
Posted inBusiness Insights
Global Oil Prices Surge as U.S. and Iran Trade Strikes Threaten Strait of Hormuz Shipping
Global oil prices surged more than four percent on Tuesday after military forces from the United States and Iran traded retaliatory airstrikes in the Middle East. The sudden escalation of…
Posted inMarket
Crude Oil Prices Tumble Amid Stabilized Strait of Hormuz Shipping
Market Volatility Follows Supply StabilizationCrude oil prices experienced a sharp 5% decline this week as maritime traffic through the Strait of Hormuz returned to normal operations, effectively mitigating fears of…
