Panama Canal Cashes In on Iran War with $4 Million Transit Auction (xataka.com)

• 11% traffic increase due to Hormuz blockade
• $4 million auction record for transit slot
• 10-15% revenue growth expected

"The Panama Canal has seen an 11% increase in traffic due to the closure of the Strait of Hormuz amid the Iran war. One shipping company paid $4 million in an auction to skip the queue. Auction prices have tripled, and canal revenues are expected to grow 10-15%. Heavy rains have maintained high water levels, allowing 40-41 daily transits. Geopolitical tensions simmer as the US accuses China of pressuring Panama over port concessions."