How the Panama Canal is cashing in on the West Asia conflict

The Panama Canal is an 80km artificial waterway that links the Caribbean Sea and the Pacific Ocean. It serves as an alternative path for many Asian countries that are dependent on Gulf countries for oil to procure fuel directly from the United States. Japan, South Korea, India, and China are among the countries rapidly shifting to the canal to replace the loss of Middle Eastern supply. While the canal is smaller compared to the Strait of Hormuz, five per cent of global maritime trade still passes through the Panama Canal. The United States and China are the main users of…