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Tehran's Toll Booth For Hormuz Strait Divides Countries Into 3 Categories
Tehran's Toll Booth For Hormuz Strait Divides Countries Into 3 Categories
The last several days have seen a limited number of foreign vessels successfully and safely cross the Strait of Hormuz for the first time, amid the ongoing de facto military blockage by Iran.
A group of several vessels, namely French, Japanese, and Oman-linked ships were reported to have crossed the strait at the end of this week. This included Malta-flagged 'Kribi,' owned by French shipping group CMA CGM, having exited the Gulf through an Iranian-approved corridor, broadcasting "owner France" - as we...
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UBS senior analyst Tom Wadewitz, who covers freight transportation, told clients that Amazon's latest push to open its supply chain network to businesses beyond its own marketplace triggered an "overdone" sell-off in transport names, including UPS, FedEx, and C.H. Robinson.
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