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The Independent UK
The Independent UK
National
Via AP news wire

Iran war and rising fuel costs could boost Panama Canal traffic, administrator says

APTOPIX Panama Canal - (Copyright 2026 The Associated Press. All rights reserved)

Panama Canal Administrator Ricaurte Vásquez said Thursday that the conflict in the Middle East and rising fuel costs could ultimately benefit the interoceanic waterway as global shippers adjust routes.

In an interview with The Associated Press, Vásquez said that higher energy, fuel and navigation costs could make the Panama Canal a more attractive option for commercial traffic.

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