Businesses dole out up to $4 million to cross Panama Canal during Strait of Hormuz chokehold

NewsWorldEuropeBusinesses dole out up to $4 million to cross Panama Canal during Strait of Hormuz chokeholdBusinesses have doled out up to $4 million to cross boats through the Panama Canal to dodge ongoing chaos in the Strait of Hormuz, which has created a seismic shift in global trade flowsAlma Sols & Megan JanetskyFriday 24 April 2026 06:05 BSTBookmarkBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":false,"showBookmark":true,"articleId":"d6a2aa2a21f29bfdf313182e753e1c41","articleMeta":{"url":"https://www.independent.co.uk/news/world/europe/panama-canal-strait-of-hormuz-panama-city-ships-iran-b2964077.html","title":"Businesses dole out up to $4 million to cross Panama Canal during Strait of Hormuz chokehold"}}Businesses dole out up to $4 million to cross Panama Canal during Strait of Hormuz chokeholdShow all 2{"adUnitPath":"71347885/_main_independent/gallery","className":"","title":"Businesses dole out up to $4 million to cross Panama Canal during Strait of Hormuz chokehold","gallery":[{"data":{"title":"Panama Canal","description":"Cargo containers are stacked on a cargo ship moving through the Panama Canal, at sunrise in Panama City, Wednesday, March 25, 2026. (AP Photo/Matias Delacroix)","caption":"Panama Canal","copyright":"Copyright 2026 The Associated Press. All rights reserved","credit":"ASSOCIATED PRESS","alt":null,"url":"https://static.independent.co.uk/2026/04/02/23/Panama_Canal_79725.jpg","id":"9d62734658d24ebc85640a00e62d1565","mid":6602294,"uid":0,"smartframe":null,"extra":{"imageSize":{"width":3375,"height":2250}}},"type":"image"},{"data":{"title":"Panama Canal","description":"Cargo containers are stacked on a cargo ship moving through the Panama Canal, at sunrise in Panama City, Wednesday, March 25, 2026. (AP Photo/Matias Delacroix)","caption":"Panama Canal","copyright":"Copyright 2026 The Asso...