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Event Brief

Hormuz Becomes World's Most Expensive Waterway

Missile threats and soaring insurance premiums reshape trade through Hormuz, impacting consumers soon.
WHO: Hormuz
WHAT: Surge in risk premiums affecting trade
WHEN: Mar 16, 2026 at 8:19 AM ET
WHERE: Hormuz
WHY: Increased missile threats and insurance costs
Sources (1): Euronews

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