(FILES) People sit on a bench on the Sheikh Jaber al-Ahmad al-Sabah Causeway as a Zhonggu Shipping container ship sails past on its way towards the port of Shuwaikh in Kuwait City on February 28, 2026. The closure of the Strait of Hormuz, and particularly tensions in the Red Sea, are reshaping the logistics routes for goods trade, with Africa becoming a hub for global container traffic, according to logistics and maritime sources. The closure of the Strait of Hormuz, and particularly tensions in the Red Sea, are reshaping the logistics routes for goods trade, with Africa becoming a hub for global container traffic, according to logistics and maritime sources. Locally, over the past two months, the blockade of the Strait of Hormuz has also prompted shipowners to find alternative land routes to deliver, by lorry, foodstuffs and manufactured goods that can no longer reach the Gulf's coastal countries by sea. (Photo by YASSER AL-ZAYYAT / AFP via Getty Images)

(FILES) A picture taken March 1, 2022 shows a view of cranes and shipping containers at a loading dock of Jeddah's Islamic Seaport on Saudi Arabia's western Red Sea coast. The closure of the Strait of Hormuz, and particularly tensions in the Red Sea, are reshaping the logistics routes for goods trade, with Africa becoming a hub for global container traffic, according to logistics and maritime sources. The closure of the Strait of Hormuz, and particularly tensions in the Red Sea, are reshaping the logistics routes for goods trade, with Africa becoming a hub for global container traffic, according to logistics and maritime sources. Locally, over the past two months, the blockade of the Strait of Hormuz has also prompted shipowners to find alternative land routes to deliver, by lorry, foodstuffs and manufactured goods that can no longer reach the Gulf's coastal countries by sea. (Photo by Fayez Nureldine / AFP via Getty Images)

(FILES) Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes on June 23, 2025. The closure of the Strait of Hormuz, and particularly tensions in the Red Sea, are reshaping the logistics routes for goods trade, with Africa becoming a hub for global container traffic, according to logistics and maritime sources. The closure of the Strait of Hormuz, and particularly tensions in the Red Sea, are reshaping the logistics routes for goods trade, with Africa becoming a hub for global container traffic, according to logistics and maritime sources. Locally, over the past two months, the blockade of the Strait of Hormuz has also prompted shipowners to find alternative land routes to deliver, by lorry, foodstuffs and manufactured goods that can no longer reach the Gulf's coastal countries by sea. (Photo by Giuseppe CACACE / AFP via Getty Images)

Traders works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York on April 30, 2026. Meta shares tumbled nearly 10 percent at the opening on April 30 on Wall Street, while Google-parent Alphabet surged more than six percent. The fluctuations came a day after the tech rivals reported quarterly earnings and showed starkly different investor reactions for their costly bets on artificial intelligence. (Photo by TIMOTHY A. CLARY / AFP via Getty Images)

A photo of NASA's Artemis II mission astronauts Canadian Space Agency's Jeremy Hansen, Christina Koch, Victor Glover and commander Reid Wiseman is seen on a screen as The New York Stock Exchange welcomed NASA to the podium in celebration of the historic Artemis II mission in New York on April 30, 2026. To honor the occasion NASA Administrator Jared Isaacman rang the opening bell. (Photo by TIMOTHY A. CLARY / AFP via Getty Images)

NASA Administrator Jared Isaacman (C), joined by President of NYSE Group Lynn Martin (C-R), along with NASA leadership, gestures as he rings the opening bell of the New York Stock Exchange, on April 30, 2026, in New York, New York. (Photo by TIMOTHY A. CLARY / AFP via Getty Images)

(FILES) A Airbus A320neo takes off for its first test flight in Blagnac near Toulouse, south-wester France on September 25, 2014. The Chinese airline China Southern announced on April 30, 2026 that it had placed an order for 137 Airbus A320neo aircraft 102 for itself and 35 for its subsidiary Xiamen Air in a statement to the Shanghai Stock Exchange. (Photo by ERIC CABANIS / AFP via Getty Images)

NASA Administrator Jared Isaacman (C), joined by President of NYSE Group Lynn Martin (C-R), along with NASA leadership, gestures as he rings the opening bell of the New York Stock Exchange, on April 30, 2026, in New York, New York. (Photo by TIMOTHY A. CLARY / AFP via Getty Images)