U.S. and Israeli strikes on Iran have had an immediate effect on global trade patterns as both air and ocean routes in the region have closed.
FreightWaves reported ocean shipping lines have “fled” the Strait of Hormuz, which is the narrow route between Iran, Oman, and the United Arab Emirates. Iran announced it planned to “close” the strait, according to media reports, which was followed by reports of attacks on ships.
According to most estimates, roughly 20 percent of the world’s crude oil supply passes through the strait, and BBC reported oil and gas prices jumped soon after the conflict began. Multiple shipping lines, including Maersk, Mediterranean Shipping Co., and CMA CGM suspended or shifted vessel services in the region.
“The decision has been taken to ensure cargo integrity, equipment positioning stability, and overall operational safety under the current circumstances,” CMA CGM said. “For the reefer containers already on board or ready to load at port of loading, a further notice will follow shortly.”
The firm also instituted an “Emergency Conflict Surcharge” of USD 2,000 (EUR 1,700) per 20-foot dry container, USD 3,000 (EUR 2,500) per 40-foot dry container, and USD 4,000 (EUR 3,400) per reefer or special equipment.
MSC Mediterranean Shipping Company reported a new security measure and instructed all of its vessels operating in the Gulf region and those on route to the region to “proceed to designated safe shelter areas until further notice.”
“The company continues to closely monitor developments and is working with relevant authorities to ensure the safety of its operations,” MSC said.
Shipping media outlet gCaptain reported that marine insurers are canceling war risk coverage for vessels in light of the conflict. Steamship Mutual said it is canceling insurance for the Persian and Arabian Gulf and adjacent waters, effective 72 hours after 1 March 2026.
“The U.S.-Israel strikes on Iran and subsequent Iranian retaliation targeting multiple countries in the area are driving significant logistics disruptions in the region, which could start to be felt more broadly if the conflict stretches on,” Freightos Head of Research Judah Levine told gCaptain.
In addition to ocean-going freight, air freight has also been disrupted. FedEx reported all flights to and from multiple countries in the Middle East have been suspended.
“The safety and well-being of our team members is our highest priority. As a result, pickup and delivery services in Bahrain, Kuwait, Iraq, Qatar, and the United Arab Emirates have been temporarily suspended until further notice,” FedEx said. “Shipments to and from other markets throughout the region may experience extended transit times.”
Freightwaves reported major flight corridors between Asia and Europe have been disrupted, potentially raising prices on all air freight.
Members of the Australia Peak Shipper Association and the Freight and Trade Alliance both reported the situation was having a direct impact on Australian supply chains in a joint announcement.
“The situation is already having direct and measurable impacts on Australian supply chains, with disruptions to air cargo connectivity, container shipping schedules, and the rapid imposition of significant conflict‑related surcharges by major international carriers,” the two groups said.
