Hormuz Impact: Rates Rise, But Not How You’d Expect

Freight markets are reacting to the crisis in the Strait of Hormuz but not in the way many expected.

In this week’s episode of Supply Chain Secrets, Caroline and Lars break down what is actually happening beneath the surface of the rate data.

While spot rates are only moving modestly week over week, the cumulative impact is building, and key signals in the market are starting to shift.

This episode covers:
 • Why rate increases so far have been gradual, not explosive
 • The sharp divergence between 20-foot and 40-foot pricing and what it signals
 • What forward curves are indicating for peak season across major trades
 • How rerouting via Oman and the Red Sea is reshaping capacity
 • The latest developments in the Strait of Hormuz and who can still transit
 • Why disruption remains highly regional for containers, but global for energy

Plus, a look at tariffs, IMO developments, and new trade agreements shaping global flows.