Amid the Strait of Hormuz stays mainly closed, container spot rates fall. Bunker fuel prices remain high, but have eased. For air freight cargo, the cancellation of passenger flights is challenging. And is Europe running out of jet fuel if the war persists?
Analysis|Published: Yesterday 03:42 PM CET
The ceasefire in Iran has been extended, but the Strait of Hormuz is in practice still almost completely closed. As a result, oil prices remain high. Trade also seems to have little confidence in a swift resolution, because since the weekend both oil and gas prices have been rising again.
Analysis|Published: Apr 17, 2026
Ocean rates are easing slightly after several weeks of increases, while ongoing geopolitical tensions continue to weigh on bunker fuel prices. Air freight prices have risen sharply and jet fuel shortages are looming.
Analysis|Published: Apr 14, 2026
The Strait of Hormuz continues to play a key role in the development of energy prices. The blockade of the strait announced by Trump brings new risks. Read more about the development of energy prices.
Analysis|Published: Apr 10, 2026
Despite the US-Iran ceasefire, shipping through the Strait of Hormuz remains highly constrained. For the shipping industry, bunker availability is a growing concern. If the conflict persists, carriers may have to slow steam or cancel sailings to reduce fuel consumption, potentially putting further upward pressure on rates.
Analysis|Published: Apr 9, 2026
The tensions in the Middle East continue to dominate the energy markets. With a ceasefire from Tuesday into Wednesday, there was optimism about the opening of the Strait of Hormuz and oil and gas prices fell. That hope has now once again been dashed. Part of the price decline has been reversed today.
