The High Stakes of Keeping the Strait of Hormuz Open
The U.S.-Israeli war with Iran has paralyzed the strait, a vital shipping lane for energy and commerce, putting global investors on edge.
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Air freight costs for China shippers tipped to rise 30% as Middle East airspace shuts down
Air freight costs for China-reliant shippers may rise by up to 30 per cent due to the suspension of Middle East air routes triggered by US and Israeli strikes on Iran, a Hong Kong-based logistics association said. The Hong Kong Association of Freight Forwarding & Logistics made the estimate based on “market feedback” since the strikes began on Saturday, the trade group told the South China Morning Post in an emailed statement. Most of the group’s 303 corporate members operate in mainland...
By Ralph Jennings
Read full article →The High Stakes of Keeping the Strait of Hormuz Open
The U.S.-Israeli war with Iran has paralyzed the strait, a vital shipping lane for energy and commerce, putting global investors on edge.
By Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Niko Gallogly and Brian O’Keefe
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