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Event Brief

Port of Los Angeles chief: shippers waiting on Hormuz

Gene Seroka said shipping firms are taking a wait-and-see approach to reopening the Strait of Hormuz.
WHO: Gene Seroka
WHAT: Seroka said shipping firms are deterred by security risks and rising insurance and freight costs.
WHEN: May 4, 2026 at 6:03 PM ET
WHERE: Los Angeles
WHY: Seroka said security risks and rising insurance and freight costs are deterring traffic.

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