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Iran conflict turns shipping market into ‘wild west’
Containers are being dropped off at far-flung ports while freight rates have soared. Israeli air strikes rock central Beirut Iran still seen capable of escalating attacks on Gulf’s energy. (Financial Times)
Middle East war disrupts pharma air routes, risks cancer drugs supply
LONDON, March 16 (Reuters) – War in the Middle East is disrupting the flow of critical medicines to the Gulf, imperilling supply routes for cancer drugs and other treatments that require refrigeration and forcing companies to reroute flights and find overland access into the region, industry executives said. The conflict, sparked by U.S. and Israeli […]
Supply Chains Strain to Cope with the Effects of Iran War
The escalating conflict in Iran has already started to ripple through global supply chains, as disrupted shipping lanes, rising insurance costs and the effective closure of the Strait of Hormuz have forced carriers to suspend transits, reroute vessels and brace for higher transportation costs across global trade lanes.Roughly 11% of global freight passes through the Strait of […]
