Ocean rates climb again even as fuel costs ease – June 23, 2026 Update

Weekly highlights Ocean rates – Freightos Baltic Index Air rates – Freightos Air Index Analysis The US-Iran interim agreement appears to be driving a gradual reopening of the Strait of Hormuz, even with Iran announcing a renewed closure following Israel and Hezbollah exchanges of fire. Though still well below pre-war levels, Hormuz transits have increased […] The post Ocean rates climb again even as fuel costs ease – June 23, 2026 Update appeared first on Freightos .