Middle East ocean freight rates soar on Iran conflict, Strait of Hormuz shipping risks

cnbc.com/2025/06/23/mideast-ocean-freight-rates-soar-on-iran-strait-of-hormuz-risks.html

Ocean freight rates to the Port of Khor Fakkan in the United Arab Emirates are surging as Israel continues to attack Iran and Iran reported its first attack on U.S. military bases, after a weekend that saw U.S. strikes on Iranian nuclear targets.
Rates from Shanghai to the Khor Fakkan,…

This story appeared on cnbc.com, 2025-06-23 17:44:31.
The Entire Business World on a Single Page. Free to Use →