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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.

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