---
title: "Panama Canal charges ships record $1m to cross with Hormuz closed"
date: 2026-08-11
modified: 2026-08-12
author: ""
url: https://panamadaily.news/2026/08/11/panama-canal-charges-ships-record-1m-to-cross-with-hormuz-closed/
categories:
  - "News"
---

# Panama Canal charges ships record $1m to cross with Hormuz closed

About 40pc of US trade goes through the Panama Canal – Danny Lehman/Getty Vessels must pay record shipping fees of more than $1m (£740,000) to cross the Panama Canal as the Iran war chokes off the …

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