Companies have paid out up to $4m for last-minute passage of their vessels through the Panama Canal in recent weeks to cope with the effective closure of the Strait of Hormuz, reports The Associated Press (AP), citing canal authorities.🔴 LIVE updates: https://t.co/ZD1V1d85c2 pic.twitter.com/Vt7SZ6WdVe— Al Jazeera English (@AJEnglish) April 25, 2026