Iran’s seizure of cargo ship likely to impact freight prices — DCVelocity.com

Freight costs are likely to increase following the recent seizure of a cargo ship by Iran:

“The increases would be similar to price hikes that happened in January when many ocean freight carriers began to avoid the Red Sea and the Suez Canal in an effort to dodge missiles and drones being launched by Houthi rebels in Yemen. But the latest incident could trigger a more global response, affecting oil prices, shipping routes, and energy security.“

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