Hormuz shipping is at 4% of pre-war levels as Washington pivots to economic warfare — and the Panama Canal becomes the next flashpoint.
Tag: war economy
Economics Jul 29, 2026A War, a Strait, and Your Gas Bill: The Hormuz Standoff Explained
Gas is up 38% since February. Here’s how the Iran-Israel-U.S. standoff over the Strait of Hormuz is directly driving the price at your local pump.