Al Jazeera5/21/2026World
Iran War: Strait of Hormuz Closure Costs Global Economy Billions Daily
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- Eleven weeks into the Iran war, the Strait of Hormuz remains closed, costing the global economy billions daily.
- Iran charges up to $2m per ship for transit, a move deemed illegal by opposing nations but potentially cheaper than the closure's cost.
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Eleven weeks into the Iran war, the Strait of Hormuz remains closed, costing the global economy billions daily. Iran charges up to $2m per ship for transit, a move deemed illegal by opposing nations but potentially cheaper than the closure's cost.
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This article was originally published by Al Jazeera.
