
Gulf Oil Exports Less Affected by Strait of Hormuz Closure Than Anticipated
Gulf oil exports have experienced a smaller disruption than expected after Iran's Strait of Hormuz closure announcement
ArcBest and ABF Freight will raise LTL rates by an average of 5.9% starting June 22, 2026, due to increasing carrier costs.


Gulf oil exports have experienced a smaller disruption than expected after Iran's Strait of Hormuz closure announcement

A Norwegian shipping group has placed an order for two electric container vessels designated for short-sea routes

Union Pacific has implemented an early peak season surcharge for low-volume shippers, indicating expected freight shifts to rail.

Gulftainer is developing a 150-hectare multi-modal logistics hub near Khorfakkan Port, integrating with Etihad Rail.
Mundra Port faces rail congestion, causing inland delays and higher costs for shippers due to diverted transshipment cargo.

Greece's Deputy Minister of Maritime Affairs and Insular Policy concluded an official tour, focusing on maritime policy and port operations

Initial estimates of crude oil supply losses from the Gulf region after the Iran war began were higher than actual figures
A reported US-Iran deal could see the Strait of Hormuz reopened and oil sanctions lifted, impacting global shipping
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