Weekly highlights Ocean rates – Freightos Baltic Index Air rates – Freightos Air Index Analysis The US-Iran Memorandum of Understanding – signed sixty days ago and aimed at reopening the Strait of Hormuz and kickstarting negotiations to end the war – expired yesterday. As Iranian attacks continue and the US blockade remains in place, a […] The post Congestion playing a bigger role in container rates – August 18, 2026 Update appeared first on Freightos .