The global shipping detour around Hormuz: 3x longer, 4x costlier

From CNN.

US and Israeli attacks on Iran and Iranian retaliatory strikes have halted traffic in and toward ports along the Persian Gulf, choking these essential import and export supply chains.

Some shipping companies are opting to avoid the bottleneck in the Strait of Hormuz by travelling around Africa despite much higher costs and delivery times.

0:00 How are cargo ships rerouting to avoid the Strait of Hormuz?
2:43 Iranian official lays out his country’s rules for ships passing though Hormuz
5:07 Middle East expert comments on the sustainability of routing cargo ships around Africa
7:17 Are oil supply routes too limited and fragile?

Watch more CNN here: https://cnn.it/4kh5RPe

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