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Shipping Crisis Escalates as Iran Conflict Looms | US News
A top shipping executive is sounding the alarm that the Iran conflict could spiral into a prolonged crisis—months or even years—not a quick fix as some Wall Street analysts predict. Drawing parallels to Ukraine, he warns neither side has an easy exit. The disruption is already reshaping global trade: with the Strait of Hormuz blocked, ships must take longer, riskier routes, driving up demand for tankers and freight costs. TORM, the company at the center, just posted a record $338 million profit—more than double last year—and raised its full-year forecast. Gulf nations are preparing for…
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