Back
Trade & ExportsEconomic PolicyEnergy & Hydrocarbons

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.

Read Full Article
Share on social media

Related Articles

Banking & Finance
Algeria and Saudi Arabia Discuss Developing Financial Technology and Sukuk Market

Algeria and Saudi Arabia Discuss Developing Financial Technology and Sukuk Market

Algeria and Saudi Arabia explored ways to develop financial markets and enhance innovation and financial services during meetings that brought together stakeholders in the Algerian financial market and representatives from the Saudi Financial Market Authority, as part of the work of the Trade and Economy Committee stemming from the Algerian-Saudi High Coordination Council. The meetings were held at the headquarters of the Commission for Organizing and Monitoring Stock Exchange Operations (COSOB) and via videoconferencing, providing an opportunity to exchange experiences and practices in several areas related to the development of financial markets. Read the full content on Echourouk Online.

Sep 13, 2026echoroukonline.com
Trade & Exports
Algeria Overtakes the UAE as the Top Supplier of Naphtha to South Korea

Algeria Overtakes the UAE as the Top Supplier of Naphtha to South Korea

Algeria has become the top supplier of naphtha to South Korea during the first half of 2026, with a share of 17.2% of the country's total imports of this material, surpassing the United Arab Emirates, the United States, India, and Oman, according to data from the Korea International Trade Association (KITA) reported by the Embassy of the Republic of Korea in Algeria. KITA's figures showed that Algeria's share of South Korea's naphtha imports reached 17.2% during the first six months of the year, compared to 14.5% for the United Arab Emirates, 13.0% for the United States, 9.7% for India, and 9.3% for Oman. View the full content on Echourouk Online.

Sep 13, 2026echoroukonline.com
Economic Policy
BRICS Finance Ministers Call for Reform of Global Financial Institutions

BRICS Finance Ministers Call for Reform of Global Financial Institutions

Finance ministers and central bank governors from BRICS countries have called for reform of global financial institutions, primarily the International Monetary Fund and the World Bank, to give emerging and developing economies a greater role in the global economic governance system. The financial officials stated in a joint statement that reforming global economic governance remains a 'constant priority' for BRICS, amid the growing share of emerging and developing economies in global output and growth. Read the full content on الشروق أونلاين.

Sep 13, 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.