market update No. 11-2026 Middle East Situation Updates

2026-03-11 | Situation report: Middle East

In light of the evolving situation in the Middle East following the Iran attack and the anticipated shipment constraints in the Strait of Hormuz, suspensions of bookings to selected ports, vessel deviations to contingency ports, specific operational surcharges, and the crude oil price increase related to the geopolitical context will materialize very soon.