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How much is the epic traffic jam in the Suez Canal costing the world? The short answer: a lot.
It’s going to be tough to come up with a single figure that covers everything, and much will depend on how long the massive cargo ship remains stuck in the waterway. But here’s what’s already skyrocketed in price since the Ever Given ran aground Tuesday, blocking $10 billion of oil and goods that sail through the passage on a typical day.
- The charterer of a very-large crude carrier is racking up charges of between $30,000 to $80,000 a day to park the
