Hormuz Crisis

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Hormuz Crisis Hits Luxury Car Shipments, Ferrari Turns to Air Cargo

Ferrari has turned to air cargo to maintain deliveries to customers in the Middle East. According to the Financial Times, the company suspended a large portion of its shipments to the Gulf region last week due to Iran-related restrictions in the Strait of Hormuz, which prevented car carrier vessels from entering the area. Despite this, Ferrari confirmed that some deliveries…