Crude oil surged past $85/bbl – the highest since July 2024 – driven by escalating concerns over Strait of Hormuz transit security and physical damage to upstream energy infrastructure from attacks. Tanker operators and LNG shippers face compounding risks: tightening vessel availability, spiking war risk premiums, and potential cargo diversion. Logistics operators should immediately review bunker adjustment clauses, war risk surcharges, and contingency routing via Cape of Good Hope.
Rate Direction
Rates up +20.00%
Time Horizon
immediate
Confidence
62%
Routes Affected
Strait of Hormuz / Persian Gulf / Indian Ocean / Cape of Good Hope
Ports / Terminals
Jebel Ali / Bandar Abbas / Fujairah / Salalah / Karachi
Carriers
MSC / Maersk / CMA CGM / Hapag-Lloyd / COSCO / Evergreen
Source
https://www.hellenicshippingnews.com/the-commodities-feed-persian-gulf-disruptions-hitting-upstream-oil-production/published 04 Mar 2026, 11:00 UTC