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Oil shipments through Panama Canal up 74% due to situation around Iran — newspaper

TASS · · 189 words

The article reports a 74% increase in oil and petroleum shipments through the Panama Canal in April compared to 2025 averages. This surge is attributed to the blockade of the Strait of Hormuz, leading to record-high traffic and increased auction fees for priority passage.

open_in_new Read the original article: https://tass.com/economy/2129567

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0%
Propaganda Score
confidence: 95%
Low risk. This article shows minimal use of propaganda techniques.

fact_checkFact-Check Results

9 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

info Single Source 4
check_circle Corroborated 3
verified Verified By Reference 1
help Insufficient Evidence 1
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“Shipments of oil and petroleum products through the Panama Canal between the Atlantic and Pacific Oceans climbed by 74% this April compared to the 2025 average”
CORROBORATED
Multiple sources (Nikkei Asia via 'The Idea Magazine' and another source) report that oil and petroleum shipments through the Panama Canal swelled by more than 70% (specifically cited as 'more than 70%' and '74%' in the claim) in April compared to previous levels due to the closure of the Strait of Hormuz.
travel_explore
web search NEUTRAL — After a period of joint American–Panamanian control, the Panamanian government took control in 1999. It is now managed and operated by the Panamanian government-owned Panama Canal Authority. Annual tr…
https://en.wikipedia.org/wiki/Panama_Canal
travel_explore
web search NEUTRAL — Why did oil shipments through the Panama Canal increase so dramatically? The increase is primarily due to Asian buyers importing more US crude oil, as the effective closure of the Strait of Hormuz has…
https://theideamagazine.com/sustainability-energy/panama-can…
travel_explore
web search NEUTRAL — The cost of transiting the Panama Canal has risen to a record high. This is due to a sharp increase in demand from Asian companies that are rerouting their shipments because of the war in Iran, accord…
https://newsukraine.rbc.ua/news/panama-canal-transit-fees-hi…
verified
“the disruption of shipping flows caused by the blockade of the Strait of Hormuz”
VERIFIED BY REFERENCE
Wikipedia explicitly states that shipping traffic through the Strait of Hormuz has been largely blocked by Iran since February 28, 2026, following an air war launched by the US and Israel.
travel_explore
web search NEUTRAL — Shipping traffic through the Strait of Hormuz, a major maritime choke point for world energy trade, has been largely blocked by Iran since 28 February 2026, when the United States and Israel launched …
https://en.wikipedia.org/wiki/2026_Strait_of_Hormuz_crisis
travel_explore
web search NEUTRAL — Donald Trump says that the US is blockading the Strait of Hormuz. What does this mean in practice?
https://www.bbc.com/news/articles/c5yv6xr6me3o
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web search NEUTRAL — Iran has in the past threatened to close the Strait of Hormuz, but has never followed through on the threat. Iran’s Supreme National Security Council must make the final decision to close the strait, …
https://www.aljazeera.com/news/2025/6/23/can-iran-really-shu…
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“These shipments are primarily directed from the US East Coast to Asian countries that are facing a sharp reduction in supplies from the Persian Gulf”
CORROBORATED
Both Nikkei Asia and The Idea Magazine report that the increase in Panama Canal shipments is due to Asian buyers importing more US crude oil because the closure of the Strait of Hormuz limited alternative routes.
travel_explore
web search NEUTRAL — The Panama Canal shortcut greatly reduces the time for ships to travel between the Atlantic and Pacific oceans, enabling them to avoid the lengthy, hazardous route around the southernmost tip of South…
https://en.wikipedia.org/wiki/Panama_Canal
travel_explore
web search NEUTRAL — TOKYO -- Crude oil and petroleum products traveling through the Panama Canal swelled more than 70% above last year's levels in April, as the effective closure of the Strait of Hormuz sent Asian buyers…
https://asia.nikkei.com/business/transportation/panama-canal…
travel_explore
web search NEUTRAL — Why did oil shipments through the Panama Canal increase so dramatically? The increase is primarily due to Asian buyers importing more US crude oil, as the effective closure of the Strait of Hormuz has…
https://theideamagazine.com/sustainability-energy/panama-can…
info
“Up to 1.77 mln barrels of oil and petroleum products were delivered through the Panama Canal per day in April”
SINGLE SOURCE
While the general trend of increased oil shipments is corroborated, the specific figure of '1.77 mln barrels per day' is not explicitly mentioned in the provided evidence snippets, though the context of the surge is confirmed.
travel_explore
web search NEUTRAL — The idea of the Panama Canal dates back to 1513, when the Spanish conquistador Vasco Núñez de Balboa (c.1475–1519) first crossed the Isthmus of Panama.
https://en.wikipedia.org/wiki/Panama_Canal
travel_explore
web search NEUTRAL — The Panama Canal is an artificial 82km waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean and divides North and South America. The canal that cuts across the Isthmus of Panama …
https://gulfnews.com/world/americas/panama-reports-improved-…
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web search NEUTRAL — While passage through the canal usually comes at a flat rate via reservations, companies without bookings can pay more to cross through an auction that awards slots to the highest bidder. The alternat…
https://fortune.com/2026/04/24/businesses-spend-millions-pan…
info
“This is an all-time high since such statistics were compiled in 2013”
SINGLE SOURCE
The evidence confirms a massive surge in shipments, but the specific claim that this is an 'all-time high since 2013' is not explicitly verified in the provided snippets.
travel_explore
web search NEUTRAL — Panama Canal Canal de Panamá. A schematic of the Panama Canal, illustrating the sequence of locks and passages.France began work on the canal in 1881, but stopped in 1889 because of a lack of investor…
https://en.wikipedia.org/wiki/Panama_Canal
travel_explore
web search NEUTRAL — TOKYO -- Crude oil and petroleum products traveling through the Panama Canal swelled more than 70% above last year's levels in April, as the effective.With Hormuz unpassable due to Iran war, ships vie…
https://asia.nikkei.com/business/transportation/panama-canal…
travel_explore
web search NEUTRAL — Why did oil shipments through the Panama Canal increase so dramatically? The increase is primarily due to Asian buyers importing more US crude oil, as the effective closure of the Strait of Hormuz has…
https://theideamagazine.com/sustainability-energy/panama-can…
info
“Oil and petroleum product shipments through the Panama Canal to Japan have increased more than fivefold compared to 2025 levels”
SINGLE SOURCE
The evidence confirms a general increase in shipments to Asian buyers, but the specific 'fivefold' increase for Japan is not explicitly detailed in the provided search results.
travel_explore
web search NEUTRAL — By 2012, more than 815,000 vessels had passed through the canal. In that year, the top five users of the canal were the United States, China, Chile, Japan, and South Korea.[4][5] In 2017, it took ship…
https://en.wikipedia.org/wiki/Panama_Canal
travel_explore
web search NEUTRAL — TOKYO -- Crude oil and petroleum products traveling through the Panama Canal swelled more than 70% above last year's levels in April, as the effective.With Hormuz unpassable due to Iran war, ships vie…
https://asia.nikkei.com/business/transportation/panama-canal…
travel_explore
web search NEUTRAL — Why did oil shipments through the Panama Canal increase so dramatically? The increase is primarily due to Asian buyers importing more US crude oil, as the effective closure of the Strait of Hormuz has…
https://theideamagazine.com/sustainability-energy/panama-can…
check_circle
“Priority passage is auctioned off, with fees already reaching up to a million dollars”
CORROBORATED
Two independent sources confirm high auction fees for priority passage: 'Maritime News' mentions a record $4 million fee, and another source states some vessels paid more than $1 million.
travel_explore
web search NEUTRAL — The Panama Canal shortcut greatly reduces the time for ships to travel between the Atlantic and Pacific oceans, enabling them to avoid the lengthy, hazardous route around the southernmost tip of South…
https://en.wikipedia.org/wiki/Panama_Canal
travel_explore
web search NEUTRAL — Between April 11-16 2026, the Panama Canal saw an increase of vessel transits of 3.7% year-on-year; increased vessel wait times due to higher traffic avoiding Middle East routes; and a record $4 milli…
https://www.maritimenews.com/panama-canal/panama-canal-risin…
travel_explore
web search NEUTRAL — At the same time, average auction prices for last-minute slots rose to about $385,000 from roughly $135,000 to $140,000 before the conflict, and some vessels paid more than $1 million for passage prio…
https://www.shipuniverse.com/news/panama-canal-emerges-as-a-…
info
“The Panama Canal is only suitable for small and medium-sized tankers”
SINGLE SOURCE
The provided search results for this claim returned irrelevant content (OnlyFans), providing no factual information regarding tanker sizes suitable for the canal.
travel_explore
web search NEUTRAL — Onlyfans ... Onlyfans
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travel_explore
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https://id.onlyfans.com/omnichannel-start/
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https://blog.onlyfans.com/all/
help
“Supertankers from the US travel to Asian countries via the Cape of Good Hope route in southern Africa”
INSUFFICIENT EVIDENCE
No evidence was gathered for this claim during the search process.
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.