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Gulf Exports Reroute Around Hormuz Blockade
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Gulf Exports Reroute Around Hormuz Blockade
The Strait of Hormuz and the Red Sea. (Google Map) As the conflict between the United States and Iran continues for the sixth month, the landscape of Middle East export logistics is changing. With access to the Strait of Hormuz becoming difficult, export companies are utilizing detours such as alternative ports. In this process, the transportation period is increasing by up to several months and freight rates are soaring, increasing the burden…
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