Dossier
Hormuz fuel crisis
Coverage of Hormuz fuel crisis in the Nexus archive.
- Businesses face huge spike in shipping costs as Hormuz fuel crisis deepens
Businesses globally are experiencing a significant and potentially long-term rise in shipping costs due to a fuel crisis linked to the US-Israel war on Iran. Shipping firms have introduced steep price hikes, with Shanghai's port showing a dramatic increase in container shipping prices via the Shanghai Containerised Freight Index.