🔺🔻 Financial Times: The blockade of Hormuz has made trade in the Persian Gulf critical; Shipping cost increased up to 8 times

🔺🔻 Financial Times: The blockade of Hormuz has made trade in the Persian Gulf critical; Shipping cost increased up to 8 times

🔹Financial Times reported that the disruption in commercial traffic from the Strait of Hormuz put the supply chain of the countries bordering the Persian Gulf under severe pressure and greatly increased the cost of maritime transportation.

According to this report, the arrival of container ships to the region decreased by 94% compared to the corresponding period last year. At the same time, the cost of sending a container from China to the United Arab Emirates, which previously stood at $1,250, reached almost $10,000; That's about eight times.

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