Middle East chaos, shipping in tilt
The attack on Iran launched over the weekend by US and Israeli forces (Operation Epic Fury) has triggered an unprecedented shipping crisis
Middle East chaos, shipping in tilt
The attack on Iran launched over the weekend by US and Israeli forces (Operation Epic Fury) has triggered an unprecedented shipping crisis in the Gulf region, with the closure of the Strait of Hormuz. Carriers are taking cover and suspending cargo bookings to the Middle East. The military escalation could create new congestion problems in the Asian area pushing spot freight rates up
