Global Shipping Diverts From Suez and Hormuz as Gulf Conflict Escalates, Tankers Hit, and War Risk Costs Surge

Major container lines, including Maersk, Hapag-Lloyd, and CMA CGM are rerouting vessels around the Cape of Good Hope, abandoning the Suez Canal and the Bab el-Mandeb Strait after U.S. and Israeli strikes on Iran and Tehran’s declaration that navigation through the Strait of Hormuz has been closed. The diversion marks a renewed shock to global

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