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18/04/2026
Swiss National Bank President: In the short term, inflation levels will be slightly higher.
Latest
3 m ago
Due to disruptions in navigation in the Strait of Hormuz, causing a blockage in Middle Eastern supplies, Asian oil refineries are increasingly turning to import American crude oil transported through the Panama Canal. The volume of American crude oil shipments through the Panama Canal has reached its highest level in nearly four years. According to shipping intelligence company Kpler, data for the first half of April shows that daily exports of American crude oil through this shortest route between the US Gulf Coast and Asia have exceeded 200,000 barrels, approaching the highest level since July 2022. Sources say that the increased waiting time to enter the Panama Canal has prompted crude oil carriers to pay over $3 million to expedite their passage. While the Panama Canal cannot accommodate the largest oil tankers, it still provides a shorter route to the Far East. It typically takes close to a month to reach Japan from the US Gulf Coast via the canal, compared to nearly double the time if going around the Cape of Good Hope in Africa. Data shows that the majority of oil tankers heading to the Pacific in March and April were carrying American crude oil destined for Japan and South Korea.
3 m ago
A spokesperson for Air Canada stated that starting from June 1st, the airline will reduce the daily flights to New York from 38 to 34, mainly affecting the routes from Toronto and Montreal to New York's JFK International Airport. This adjustment plan will be in effect until October 25th.
3 m ago
Air Canada announced on Friday that it will reduce the number of daily flights to New York starting from June, becoming the latest North American airline to cut capacity due to the doubling of aviation fuel prices caused by the Iran war.
5 m ago
As the Iran war causes global fertilizer prices to soar, American buyers are now exporting imported fertilizers to foreign markets, taking advantage of the price difference between domestic and international markets. Industry insiders say that this week, several barges carrying imported nitrogen fertilizers have been purchased for export overseas at the port of New Orleans. It is completely feasible to purchase barges on the Mississippi River, reload them, and transport them for export.
6 m ago
According to data compiled by the shipping intelligence company Kpler for the first half of April, the amount of American crude oil shipments passing through the Panama Canal has reached near the highest level in four years.
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