Impact of the Hormuz crisis on energy and freight rates

Venerdì, 13 Marzo 2026 10:41

 
 
Maritime traffic through the Strait of Hormuz came to an almost complete halt at the beginning of March 2026. According to Unctad (United Nations Conference on Trade and Development), daily transits collapsed from an average of 129 vessels recorded in February to just four ships on 9 March, a reduction of 97% that effectively blocks one of the world’s main energy corridorsThe impact is immediately reflected in the logistics costs of energy transport. Freight rates for crude oil tankers and refined product carriers have increased by as much as 72%, while war risk insurance premiums have quadrupled. Marine fuel prices have also surged, in some cases nearly doubling.
 
The logistical crisis is spreading to energy and agricultural markets.

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De persistir la crisis en Medio Oriente el volumen de contenedores movilizados en 2026 podría caer de 6,4% a 3,5%

 27 de Marzo de 2026

Para 2027 el sector superaría por primera vez los 200 millones de TEUs, con Asia como principal motor

El mercado global del transporte marítimo de contenedores enfrenta un escenario de creciente incertidumbre, donde la evolución del conflicto en Medio Oriente —y en particular la situación en el Estrecho de Ormuz— será determinante para el equilibrio entre oferta y demanda durante 2026 y 2027, según el más reciente informe Container Shipping Market Overview & Outlook de BIMCO.

El análisis plantea dos escenarios: uno en el que el estrecho permanece cerrado y otro donde su reapertura ocurre en el corto plazo. Bajo el primer supuestoBIMCO anticipa que “2026 terminará con un crecimiento de la oferta de buques de 2,0-3,5%, mientras que la demanda de

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A black market in ‘black gold’: The shady world of shadow fleets [INSIGHT]

 

 

 

 

 

 
 
Russia is believed to have a fleet of over 600 vessels engaged in the illicit oil trade. Photo: Hristo Rusev/Getty Images
 

The boarding by the French Navy of a vessel belonging to the Russian ‘shadow fleet’ on Friday has once again shone the spotlight on a group of ships that play a vital role in Moscow’s war machine.

Income from energy exports is critical for Russia’s funding of its war in Ukraine and the shadow fleet has proved its worth in helping Moscow bring in the cash despite EU attempts to choke off this money supply through the imposition of successive sanctions packages. 

 

But just what is the ‘shadow fleet’ and how it operates

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MSC incrementa (aún más) el coste de la guerra de Irán en España: sube un 20% los recargos en los puertos del norte

 Economía Digital

Operaciones de MSC en el puerto de Valencia.

Mediterranean Shipping Company (MSC), primera naviera del mundo y titular de la futura ampliación norte del Puerto de Valencia, ha vuelto a mover ficha. La naviera italo-suiza ha decidido elevar de nuevo el recargo de combustible de emergencia (EFS) en varias rutas europeas, en una nueva señal de cómo la guerra en Irán sigue trasladándose de forma directa a los costes logísticos y, finalmente, a los precios finales y la consecuente inflación en España.

La compañía de la familia Aponte ha informado a sus clientes de que aplicará una nueva revisión al alza de estos recargos a partir del 6 de abril. El movimiento confirma la rapidez con la que las navieras están ajustando sus

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Shipping Stocks Catch A Windfall As Freight Markets Go Vertical

 Mar. 12, 2026 6:36 PM ETS&P 500 Index (SP500)DJIXLEUSO

Frank Holmes
4.51K Followers
  • (24)

Summary

  • Geopolitical turmoil in the Persian Gulf has spiked oil prices and shipping rates, but historical patterns suggest the disruption will be brief.
  • Shipping companies are immediate beneficiaries, locking in record freight rates regardless of conflict duration, while energy and commodities remain well supported.
  • Airlines face short-term margin pressure from higher jet fuel costs, yet history and hedging suggest a medium-term recovery opportunity.
  • Maintaining composure and core positions, with a 10% gold allocation for diversification, is favored over panic selling during transient geopolitical shocks.

 

Suriyapong Thongsawang/iStock via Getty Images

 

Markets hate uncertainty, and right now there’s plenty to go around. The outbreak of the U.S.-Iran conflict, followed by Iranian retaliation against oil infrastructure

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