Iran War Pushes Global Supply Chain Costs Higher as Freight Rates Surge
Key Points: Global shipping costs spiked rapidly during the first 50 days of the ongoing Iran war. Airlines slashed cargo flights and raised fees as jet fuel prices nearly doubled. Cargo ships continue to avoid the Red Sea, taking a long detour around Africa. Spiking oil prices are pushing trucking and delivery rates significantly higher worldwide The war in Iran has hit the 50-day mark,...