Economy & Business - May 2026

PANAMA: Iran conflict drives windfall as Canal transit price spikes

CENTRAL AMERICA & CARIBBEAN by Abbi Dicker 21 May 2026 1218 views

Continued conflict in the Middle East, which has severely restricted shipping traffic in the Strait of Hormuz, has increased the prices shipping firms pay to transit the Panama Canal, creating a significant windfall for the public purse.

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