Shipping firms suspend Gulf routes as Iran war leaves 132 vessels trapped

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Source: South China Morning Post
Published: 2026-03-04 13:00 UTC+10:00
Section: United Arab Emirates
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Military & Defence, Iran, Economy & Finance, World News, Business & Economy, War & Conflict
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Snippet:
Rising tensions in the Strait of Hormuz see vessels diverted and bookings suspended, as companies impose emergency fees of up to US$4,000 per unit
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