Food and Transport Costs through Strait of Hormuz Remain High, Burdening Vulnerable Economies By Maximilian Malawista Copyright © 2026 IPS-Inter Press Service. All rights reserved. -

Food and Transport Costs through Strait of Hormuz Remain High, Burdening Vulnerable Economies By Maximilian Malawista UNITED NATIONS, Jul 23 2026 (IPS) - Prior to the latest round of hostilities between the United States and Iran, freight traffic had been increasing in the Strait of Hormuz, and negotiations were underway for a new agreement to fully restore trade through this channel. https://www.ipsnews.net/2026/07/food-and-transport-costs-through-strait-of-hormuz-remain-high-burdening-vulnerable-economies/ Copyright © 2026 IPS-Inter Press Service. All rights reserved. -