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Hormuz Disruptions Send Global Shipping Costs Soaring Past $4M Per Passage

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High 8/10LNG crude oil

Hormuz Disruptions Send Global Shipping Costs Soaring Past $4M Per Passage

Disruptions stemming from the Middle East crisis have triggered a dramatic surge in global shipping costs, with record prices being paid for passage through key canals. The ripple effect is impacting energy commodity routes thousands of miles from the Strait of Hormuz.

September 18, 2026Published 1 hour ago