Back

The Implications of Closing the Strait of Hormuz on Trade and Container Prices

March 4, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
The Implications of Closing the Strait of Hormuz on Trade and Container Prices

The rental price of a container has risen from $5,000 to $20,000 for lines coming from Asia. The authorities' proactive approach aims to ensure market supply and avoid any major disruptions amid the tensions recorded in the Middle East and the accompanying disturbances at the Strait of Hormuz. Algeria is highlighted among the countries affected by these changes, with improvements in oil revenues and temporary challenges that may impact maritime transport and international trade. In this context, Ali Bay Nasri, Vice President of the National Association of Exporters, confirmed that the recent developments in the Middle East, particularly the closure of the Strait of Hormuz and the disruption of maritime navigation, have imposed new parameters on the global economy in general, and on Algeria in particular, given its position as an energy country.

Share on social media

Related Articles

Béjaïa Port Achieves a Record

Béjaïa Port Achieves a Record

Béjaïa Port has set a new record in handling bulk cargo, unloading 15,153.60 tons of corn within 24 hours, in an operation conducted directly from the ship to the trucks, according to the Béjaïa Port Authority (EPB). The authority stated in a press release that the operation was carried out at berth number 21, starting from the ship 'BUNUN TREASURE' coming from Santarém, thus breaking the previous record set at the port. View the full content on Echourouk Online.

Oct 28, 2026echoroukonline.com

News Disclaimer: Articles are curated from third-party sources for informational purposes. We do not verify or endorse the accuracy of third-party content.