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Global Trade & Economics: Page 42

Mexico’s Alternative to the Panama Canal Set to Open Fully this Year
The multimodal project aims to offer an alternative to the Panama Canal.
Andres Manuel Lopez Obrador, Mexico's president, speaks during the inauguration of the Interoceanic Corridor of the Isthmus of Tehuantepec (CIIT) Breakwater megaproject in Salina Cruz, Oaxaca state, Mexico, on Monday, Feb 26, 2024. Photographer: Alejandro Cegarra/Bloomberg
Iran Says Iraqi Ships Are Allowed to Use Strait of Hormuz
The declaration has the potential to unleash as much as 3 million barrels a day of Iraqi oil cargoes.
Photo: iStock / aimintang
Trump Will Impose 100% Tariff on Some Patented Drugs
The charges deliver on threats the president made last fall to impose 100% tariffs on branded or patented medicines unless companies move production to the U.S.
Photo: iStock / sanjagrujic
Three Ships Appear to Exit Hormuz by New Oman Coast Route
The three ships transiting are particularly interesting because they are the largest type of oil tankers and the first LNG carrier to escape the gulf since the war began.
A bulk carrier at Muscat Anchorage in Muscat, Oman. Photographer: Elke Scholiers/Getty Images
Rubio Accuses China of Harassing Panama-Flagged Ships
The allegations add another point of tension between the U.S. and China ahead of President Donald Trump’s scheduled visit to Beijing in May.
The Port of Balboa in Panama City. Photographer: Walter Hurtado/Bloomberg
Iran and Oman Work on System to Monitor Hormuz Traffic
Iran and Oman are believed to be collaborating to draft policies that would facilitate and ensure safe passage for ships moving through the strait.
Photo: iStock / 35007
One Year on from ‘Liberation Day’ – Uncertainty Trumps Efficiency in Supply Chains
After decades of pursuing supply chain efficiency, U.S. companies have turned their focus to what’s politely termed “resilience,” but might better be described as redundancy.
Photo: iStock / Angelica Zander
Asian Nations Jockey for Leverage to Re-Open Hormuz Strait
As the crisis drags on, many Asian countries are pledging deeper energy cooperation with diplomatic friends.
Photo: Bloomberg
Cofco Books First Argentina Corn Cargo to China in Over 15 Years
The deal comes after China cleared Argentine corn imports in 2024, and as the South American nation has recently kicked off a bumper harvest.
Photo: Sebastian Lopez Brach / Bloomberg
U.K. Plans 35-Nation Summit to Address Hormuz Crisis
The U.S. was notably not invited to the talks, with President Trump having frequently distanced the U.S. from key allies over the span of the conflict in Iran.
Photo: iStock / aimintang
Turkey in Talks With Iran for Ships’ Passage Through Hormuz
Only one Turkish-owned ship has received permission to pass through Hormuz since the start of the conflict.
A cargo vessel near the Strait of Hormuz, on March 22. Source: Getty Images
Fuel Crisis Forces Hard Choices as Nations Cut Back on Energy Use
"The more you can do save oil, especially diesel, especially jet fuel, the better off we are," said EU energy commissioner Jørgensen.
Photo: iStock / peshkov
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