Weekly highlights Ocean rates – Freightos Baltic Index Air rates – Freightos Air Index Analysis Following weeks of gradually escalating Iranian attacks and US retaliations – which started soon after the sides signed the Memorandum of Understanding meant to reopen the Strait of Hormuz – the status of the key waterway has returned about to […] The post Hormuz closure pushing fuel costs back up – July 14, 2026 Update appeared first on Freightos .