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Transpacific Freight Rates Jump 10% Weekly Ahead of Scheduled September Increases•Shipping lines return to the Suez Canal amid Asian port congestion and relative calm in the Red Sea•Strait of Hormuz Crisis Escalates: UAE Tanker Seized and Gulf Crossings Drop from 91 to 73•Panama Canal Reduces Daily Transits Starting September 3 Amid Falling Water Levels•Canada Retaliates with 50% Tariffs on $20 Billion of U.S. Imports on September 8•Transpacific Freight Rates Jump 10% Weekly Ahead of Scheduled September Increases•Shipping lines return to the Suez Canal amid Asian port congestion and relative calm in the Red Sea•Strait of Hormuz Crisis Escalates: UAE Tanker Seized and Gulf Crossings Drop from 91 to 73•Panama Canal Reduces Daily Transits Starting September 3 Amid Falling Water Levels•Canada Retaliates with 50% Tariffs on $20 Billion of U.S. Imports on September 8•Transpacific Freight Rates Jump 10% Weekly Ahead of Scheduled September Increases•Shipping lines return to the Suez Canal amid Asian port congestion and relative calm in the Red Sea•Strait of Hormuz Crisis Escalates: UAE Tanker Seized and Gulf Crossings Drop from 91 to 73•Panama Canal Reduces Daily Transits Starting September 3 Amid Falling Water Levels•Canada Retaliates with 50% Tariffs on $20 Billion of U.S. Imports on September 8•Transpacific Freight Rates Jump 10% Weekly Ahead of Scheduled September Increases•Shipping lines return to the Suez Canal amid Asian port congestion and relative calm in the Red Sea•Strait of Hormuz Crisis Escalates: UAE Tanker Seized and Gulf Crossings Drop from 91 to 73•Panama Canal Reduces Daily Transits Starting September 3 Amid Falling Water Levels•Canada Retaliates with 50% Tariffs on $20 Billion of U.S. Imports on September 8•
Economic Sanctions

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UAE Banks in the Crosshairs of US Secondary Sanctions on Iran

Emirati banks face the risk of disrupted correspondent banking relationships due to their role as intermediaries in Iranian trade, in light of the recent wave of US secondary sanctions.

8/25/2026