(AP Photo/Agustin Herrera)A cargo ship is guided through the Panama Canal, in Panama City, Wednesday, Jan. 17, 2024. A severe drought that began last year has forced authorities to slash ship crossings by 36% in the Panama Canal, one of the world’s most important trade routes. (AP Photo/Agustin Herrera)A cargo ship is guided through the Panama Canal, in Panama City, Wednesday, Jan. 17, 2024. (AP Photo/Agustin Herrera)A cargo ship is guided through the Panama Canal, in Panama City, Wednesday, Jan. 17, 2024. Panama Canal Administrator Ricaurte Vásquez now estimates that dipping water levels could cost them between $500 million and $700 million in 2024, compared to previous estimates of $200 million.

Source: ABC News January 18, 2024 16:23 UTC